House prices up 2.6 per cent
House prices increased on average by 2.6 per cent from the first quarter to the second quarter this year. The prices of detached houses had the strongest increase.
|1st quarter 2013 - 2nd quarter 2013||2nd quarter 2012 - 2nd quarter 2013|
|The whole country||2.6||5.4|
|Oslo including Bærum||0.8||5.3|
|Akershus excluding Bærum||1.0||6.2|
|Hedmark and Oppland||7.7||5.7|
|Agder and Rogaland excluding Stavanger||3.5||4.7|
|Vestlandet excluding Bergen||6.1||6.4|
|Trøndelag exluding Trondheim||3.6||3.9|
The prices of flats in blocks and row houses increased by 1.2 and 0.8 per cent respectively from the first to the second quarter of 2013. During the same period, the prices of detached houses increased by 3.8 per cent.
The strongest price increases were in Hedmark and Oppland, and Western Norway excluding Bergen, where house prices increased by 7.7 and 6.1 per cent respectively in the last quarter. In Northern Norway and Trondheim house prices fell by 0.5 and 0.4 per cent respectively.
Strongest growth in Bergen last year
From the second quarter of 2012 to the second quarter of 2013, house prices in Bergen
had the highest rise, by 9.8 per cent. The increase in prices was about the same for all dwelling types.
In Trondheim, house prices increased by 6.3 per cent last year. In Oslo, including Bærum, and Stavanger, the increases were lower than the national average, with 5.3 and 4.5 per cent respectively.
A total of 25 027 house sales are used in the index calculations for the second quarter of 2013.
In January 2013, Eurostat released the first official housing price statistics. The statistics provide information on the development of house prices in the different European countries and in the Euro area as a whole.
There is one difference between the house price index that Statistics Norway reports to Eurostat and the house price index presented here: Eurostat weights the sub-indices to a total index by the value of the transacted dwellings, and not by the value of the housing stock. Hence, the index reported to Eurostat will differ slightly from the one published on our own website.