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/en/priser-og-prisindekser/statistikker/lmu/kvartal/arkiv
21425
Minor changes in rents
statistikk
2009-10-21T10:00:00.000Z
Prices and price indices;Construction, housing and property
en
lmu, Rental market survey, letting, rent, rents per square metre, dwelling types, lessor categories (for example family, local authority, employer), dwelling sizeDwelling and housing conditions , House prices and house price indices , Construction, housing and property, Prices and price indices
false

Rental market survey, Q3 2009

Variants of the statistics:

Content

Published:

This is an archived release.

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Minor changes in rents

The rental market survey showed minor changes in rents from the second to the third quarter. The average monthly rent for all tenants was NOK 5 440 in the third quarter of 2009; a marginal rise from the second quarter.

The average monthly rent in the third quarter in Oslo and Bærum was NOK 7 454; an increase of 0.2 per cent. In Akershus excluding Bærum the average rent was NOK 6 038. In Bergen, Trondheim, Stavanger and Tromsø the average monthly rent was NOK 6 074, while in other urban settlements with more than 20 000 inhabitants the average rent was NOK 5 311.

Some increase in rents for dwellings with five rooms or more

Dwellings with five rooms or more had on average a monthly rent of NOK 6 350; an increase of 0.5 per cent from the second to the third quarter in 2009. From the first quarter, rents for this type of dwelling rose by 1.5 per cent. The average rent for a one room dwelling showed no change from the second quarter. Rents for two and four room dwellings had marginal changes in the same period. Three room dwellings had an average rent of NOK 5 595; a decrease of 0.4 per cent. The rental market survey covers both old and new tenancy agreements.

See the rental market survey for more information .

Average monthly and yearly rents by number of rooms. NOK
  Average monthly rents, 3th quarter 2009 Average yearly rents per sqm, 3th quarter 2009
Total 5 440 1 038
     
1 room1 4 246 1 804
2 rooms 4 925 1 159
3 rooms 5 595  955
4 rooms 6 074  814
5 rooms or more 6 350  703
1  Lodgings without independent access are omitted.

About the interpretation of the average estimates

The Norwegian rental market is characterised by large variations in rents due to geography, physical unit attributes, relations between tenants and landlords and period of tenancy. The average estimates must therefore be treated with some caution. It is also important to notice that average rent levels are not directly comparable between years. The reason is that each annual survey is based on unique samples that may differ according to variables that are important for the rent level.

Annual numbers are projected each quarter based on the Consumer Price Index, or more precisely the index for actual rentals paid by tenants.