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/en/priser-og-prisindekser/statistikker/lmu/kvartal/arkiv
21423
Slight growth in rents
statistikk
2010-01-20T10:00:00.000Z
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, Q4 2009

Variants of the statistics:

Content

Published:

This is an archived release.

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Slight growth in rents

The rental market survey showed minor changes in rents from the third to the fourth quarter. The average monthly rent for all tenants was NOK 5 444 in the fourth quarter of 2009; a marginal rise from the third quarter.

The average monthly rent in the fourth quarter in Bergen, Trondheim, Stavanger and Tromsø was NOK 6 109; an increase of 0.6 per cent from the third quarter. In Oslo and Bærum the average monthly rent rose marginally from the third to the fourth quarter to NOK 7 459.

For dwellings with one room, the average monthly rent increased by 0.4 per cent from the third to the fourth quarter to NOK 4 264. For dwellings with two rooms or more there were approximately no changes.

Rents increased most in large cities

In the period from the first quarter to the fourth quarter of 2009, rents rose the most in the large cities. The average monthly rent increased by 1.3 per cent in Oslo, while in Bergen, Trondheim, Stavanger and Tromsø rents rose by 1.1 per cent.

The rent for dwellings with five rooms or more and one room dwellings increased the most from the first quarter to the fourth quarter, by 1.6 and 1.3 per cent respectively. The other types of dwellings had smaller changes.

See the rental market survey for more information .

Average monthly and yearly rents, by number of rooms. NOK
  Average monthly rents, 4th quarter 2009 Average yearly rents per sqm, 4th quarter 2009
Total 5 444 1 039
     
1 room1 4 264 1 812
2 rooms 4 929 1 160
3 rooms 5 595  955
4 rooms 6 070  813
5 rooms or more 6 355  704
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.