Content
Price fall for new detached houses
Prices of new detached houses fell by 1.4 per cent from the third quarter to the fourth quarter of 2012.
| Price index | Percentage change from the same quarter of the previous year | Percentage change from previous year/same quarter of the previous quarter | |
|---|---|---|---|
| 1st quarter 2012 | 192.3 | 7.1 | 1.0 |
| 2nd quarter 2012 | 197.5 | 5.1 | 2.7 |
| 3rd quarter 2012 | 200.6 | 5.0 | 1.6 |
| 4th quarter 2012 | 197.8 | 3.9 | -1.4 |
In spite of a price fall during the quarter, new detached houses were 3.9 per cent more expensive in the fourth quarter of 2012 than in the same quarter of 2011. Contractors’ construction costs for detached houses of wood increased by 3.1 per cent in the same period according to Statistics Norway’s Construction cost index.
According to the annual price index, new detached houses were 5.2 per cent more expensive in 2012 than in the previous year.
A total of 775 observations were used in the calculation of the index in the fourth quarter of 2012.
Additional information
The price is connected to the quarter in which the local authorities register the construction work as completed and not at the time of entering into the sales contract. Therefore, the price index for new detached houses intercepts large changes in the market with a delay of almost one year.
Contact
-
Inger Jorun Monsrud
E-mail: inger.jorun.monsrud@ssb.no
tel.: (+47) 62 88 54 26
-
Rolf Sindre Ulfstein
E-mail: rolf.ulfstein@ssb.no
tel.: (+47) 62 88 55 95
