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21417
Strongest rent increase in large cities
statistikk
2010-10-21T10:00:00.000Z
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 2010

Variants of the statistics:

Content

Published:

This is an archived release.

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Strongest rent increase in large cities

The average monthly rent for all tenants rose 0.6 per cent from the second to the third quarter. The average monthly rent was NOK 5 866 for all types of housing.

The rental market survey showed that average rents increased the most in the major cities. In Bergen, Trondheim, Stavanger and Tromsø the average monthly rent rose 1.0 per cent from the second quarter to the third quarter. In Oslo and Bærum the increase was 0.9 per cent. The smallest urban settlements and sparsely populated areas had the lowest increase in this quarter; up only 0.1 per cent. Oslo and Bærum had the highest average monthly rent, with NOK 8 121 in the third quarter. This corresponds to NOK 1 797 annual average rent per square metre.

For dwellings with one room, the rents increased by 0.8 per cent from the second to the third quarter. The average monthly rent for the smallest dwellings is now NOK 4 453. Rents for dwellings with two, four and five or more rooms all rose by 0.6 per cent, while rents for three-room dwellings went up by 0.4 per cent.

See the rental market survey for more information.

Average monthly and yearly rents, by number of rooms. NOK
  Average monthly rents, 3rd quarter 2010 Average yearly rents per sqm, 3rd quarter 2010
Total 5 866 1 101
1 room1 4 453 1 775
2 rooms 5 336 1 250
3 rooms 6 053 1 028
4 rooms 6 564  874
5 rooms or more 6 597  741
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.