Transfer of properties

Updated: 28 October 2021

Next update: 4 February 2022

Dwellings transferred on the free market
Dwellings transferred on the free market
3rd quarter 2021
41 125

Selected tables and figures from this statistics

Transfers of dwelling properties with building, free market sale. Preliminary figures
Transfers of dwelling properties with building, free market sale. Preliminary figures
3rd quarter 2021
Transfers, totalTotal purchase price (NOK million)Purchase price per transfer (NOK 1 000)Transfers of titleTotal purchase price, transfer of title (NOK million)Purchase price per transfer of title (NOK 1 000)Transfers of leasesTotal purchase price on transfer of lease (NOK million)Purchase price, transfer of lease (NOK 1 000)
The whole country30 926138 4334 47629 766134 1934 5081 1604 2403 655
Viken7 84439 3835 0217 58738 3325 0522571 0514 090
Oslo3 63926 6677 3283 43525 5397 4352041 1285 532
Innlandet1 8685 7553 0811 8115 6053 095571492 617
Vestfold and Telemark2 3899 9604 1692 2489 4664 2111414943 501
Agder1 9506 3473 2551 8856 1673 271651802 769
Rogaland2 80010 6283 7962 77910 5783 80621502 403
Vestland3 49513 8603 9663 41213 5723 978832883 467
Møre og Romsdal1 3234 0603 0691 3054 0203 08118402 226
Trøndelag - Trööndelage3 07712 7994 1592 96112 4674 2101163322 864
Nordland - Nordlánnda1 1573 9093 3791 0803 6953 421772142 783
Troms og Finnmark - Romsa ja Finnmárku1 3845 0653 6601 2634 7523 7631213132 587
Explanation of symbols
Free market sales of property owned through a housing coopertive. Number, purchase price and joint debt. Preliminary figures
Free market sales of property owned through a housing coopertive. Number, purchase price and joint debt. Preliminary figures
Transfers, totalTotal purchase price (NOK million)Purchase price per transfer (NOK 1 000)Joint debt in total (NOK million)1 Joint debt per transfer (NOK 1 000)Total purchase price per transfer included joint debt (NOK 1 000)
3rd quarter 2021
The whole country10 19931 0593 0453 8753803 425
Viken1 7704 9882 8185993393 157
Oslo3 37814 7234 3581 0653154 673
Innlandet3748472 2641323542 618
Vestfold and Telemark8591 6691 9433624222 365
Agder2995661 8921234122 304
Rogaland4831 1042 2862234622 748
Vestland1 0512 6672 5383523352 873
Møre og Romsdal2113441 631944432 074
Trøndelag - Trööndelage1 0242 4752 4174294192 836
Nordland - Nordlánnda3648022 2032216082 811
Troms og Finnmark - Romsa ja Finnmárku3868742 2642737072 971
County not stated000000
1Figures on joint debt are based on information on sellers joint debt in the housing cooperative at the end of the year before the sale took place. If figures on joint debt are missing, it is estimated.
Explanation of symbols
Transfers of holiday properties with building, free market sale. Preliminary figures
Transfers of holiday properties with building, free market sale. Preliminary figures
3rd quarter 2021
Transfers, totalTotal purchase price (NOK million)Purchase price per transfer (NOK 1 000)Transfers of titleTotal purchase price, transfer of title (NOK million)Purchase price per transfer of title (NOK 1 000)Transfers of leasesTotal purchase price on transfer of lease (NOK million)Purchase price, transfer of lease (NOK 1 000)
The whole country4 4519 4582 1253 5737 7462 1688781 7121 950
Oslo and Viken9432 4692 6187472 0062 6861964632 360
Innlandet8961 7771 9836711 2761 9022255002 224
Vestfold and Telemark4621 3452 9113491 0753 0811132702 387
Agder3841 0282 6783129012 888721271 766
Rogaland2234552 0401723512 042511042 035
Vestland4168201 9714017931 97815271 796
Møre og Romsdal1902791 4691772641 49313151 140
Trøndelag - Trööndelage5117421 4524146231 505971191 227
Nordland - Nordlánnda2423141 2991902691 4155246878
Troms og Finnmark - Romsa ja Finnmárku1842291 2441401861 3324442963
Explanation of symbols
Registered transfers of real property
Registered transfers of real property
TransfersNotified amount (NOK million)
3rd quarter 20211 3rd quarter 20211
The whole country57 439173 036
Viken12 84147 549
Oslo4 72230 154
Innlandet5 3889 573
Vestfold and Telemark4 81313 947
Agder4 0109 091
Rogaland4 47112 979
Vestland6 56917 487
Møre og Romsdal2 8405 312
Trøndelag - Trööndelage5 66215 472
Nordland - Nordlánnda3 0315 212
Troms og Finnmark - Romsa ja Finnmárku3 0926 261
1Preliminary figures.
Explanation of symbols
Registered transfers of real property, by type of property
Registered transfers of real property, by type of property
3rd quarter 20183rd quarter 20193rd quarter 20203rd quarter 20211
All properties51 06451 63056 74157 439
Dwelling property total38 20038 89940 88442 308
Dwelling property with building36 75137 55039 66941 092
Dwelling property without building1 4491 3491 2151 216
Holiday property total7 9167 68010 3939 676
Holiday property with buildingl6 7056 5059 0908 338
Holiday property without building1 2111 1751 3031 338
Agricultural/forestry property total1 4791 4281 4611 560
Agricultural/forestry property with building1 2371 1681 2271 276
Agricultural/forestry property without building242260234284
Commercial/office property total707816762735
Commercial/office property with building629769707675
Commercial/office property without building78475560
Industrial property total524512546589
Industrial property with building415411444471
Industrial property without building109101102118
Communication purposes968110874
Other1 9952 0512 4062 064
Not specified147163181433
1Preliminary figures.
Explanation of symbols

About the statistics

The statistics comprise the number and value of registered transfers of real property and registered transfers of property owned through a housing cooperative. For dwellings and holiday homes sold on the free market, both total and average purchase prices are published.

Registered amount

Registered amount comprises mainly purchase prices. If the transfer is free of charge, the value of the property stated on the deed of conveyance is used.

Average purchase price per transfer

An average purchase price is calculated for the following types of properties and transfers:

  • Dwelling property with building, title to land, free market sale and purchase price reported.
  • Holiday property with building, title to land, free market sale and purchase price reported.
  • Holiday home on leased site, free market sale and purchase price reported.
  • Dwelling owned through a housing cooperative.

Transfer

A transfer does not only comprise ordinary sale, but also donation, compulsory sale and eminent domain, licensed decedent estate, inheritance of decedent estate and other. A transfer can also comprise one or several cadastral units. For properties with more than one owner, a transfer can also be a part of a property.

Free market sale

Free market sale means that the property is sold for a price corresponding to the market value. The property is not always announced for sale on the free market.

Name: Transfer of properties

Topic: Construction, housing and property

4 February 2022

Division for Housing, Property, Spatial and Agricultural Statistics

The statistics are published at county and municipality level.

The statistics are published quarterly. Preliminary figures are published about 6 weeks after end of quarter. Usually, final figures are available about 32 weeks after end of quarter. The difference between preliminary and final figures is under 1 per cent.

The statistics are based on the date of registration. This date can be several weeks or months later than the date of sale. Data from finn.no from 2016 show that dwelling properties in average are sold 2-3 mounths before the date of registration.

Not relevant

Microdata are stored in Statistics Norway.

The aim is to provide statistics on the extent of transfers of real property in Norway. The statistics have comprised the present level of details since 1991. With fewer details the statistics go back to 1836. However, statistics are lacking for the years 1981-1983.

As from 2017 registered transfers of property owned through a housing cooperative are included.

Users are public institutions, estate agents, media and people in general.

No external users have access to the statistics and analyses before they are published and accessible simultaneously for all users on ssb.no at 8 am. Prior to this, a minimum of three months' advance notice is given in the Statistics Release Calendar. Read more about principles for equal treatement of all users on ssb.no.

Since 1991 Statistics Norway has worked out the quarterly House Price Index , which provides current price statistics for the housing market.

Statistics Norway also works out statistics on registered transfers of agricultural properties . This statistics are based on the properties defined as agricultural properties in the farm register owned by Norwegian Agriculture Agency.

The Statistics Act §§ 2-1, 3-2.

Not relevant

The statistics comprise all registered transfer of real property (and from 2017 registered transfer of property owned through a housing cooperative) and not only real sales. In addition to sales on the free market, the statistics also include donations, forced sales, expropriations, licensed decent estates, inheritance of decent estate and other registered transfers of title. The statistics include three types of real property: parcels, leases and sections of buildings registered as freehold.

Transfer of real property may occur without registration, but this is very uncommon.

A few transfers include more than one dwelling property unit or holiday property unit.

The statistics are based on data from two governmental administrative registers: the Register of Deeds ("Grunnboka") and the Norwegian Cadastre system (real properties, addresses, buildings and cadastral map). The Norwegian Mapping Authority has been managing the latter register for many years and has in the period 2004-2007 gradually taken over the management of the Register of Deeds from the local courts.

The statistics comprise all registered transfers of real property.

Data from the registers mentioned in chapter 3.2 are forwarded via file transfer and API to Statistics Norway.

The data are subject to computerized controls to detect lacks, errors, extreme values and lack of coherence. Data are corrected by means of additional information from the Register of Real Properties, Addresses and Buildings.

Mainly, the statistics comprise counting of transfers by various characteristics, e.g. type of property, type of transfer, with/without building and type of dwelling. Registered amount in NOK is also added up.

Registered amount is estimated as follows:

If the purchase price is above NOK 1, the registered amount is based on the purchase price. If the purchase price is NOK 1 or less, the registered amount is based on the value of the property stated on the deed of conveyance.

As from 2017 registered transfer of property owned through a housing cooperative is included. Data on share of common debt in the cooperatve come from tax statistics for persons. If data on debt is missing, an average value is used.

Not relevant

Figures based on less than three units (transfers) are not published if this causes risk for identifying any of the units concerned. Furthermore, figures are not published if more than 90 per cent of the registered amount originates from a single unit.

Statistics on transfers of real property exist as a continuous time series from 1836 to 1980. The statistics show the number of transfers and the registered amount, distributed on urban and rural areas. In addition, as from 1852 to 1980 a time series is available on average price per unit of assessed site value for agricultural properties sold on the free market.

Up to and including 1980, the statistics were based on aggregated data forwarded directly from local courts to Statistics Norway. The Register of Real Properties, Addresses and Buildings was established around 1980. The intension was to use this register as base for the statistics as from 1981. However, at that time data from several municipalities were lacking and the data quality for municipalities included was partially poor. Due to this, statistics are lacking for the years 1981-1983. As from 1984 statistics are published again, but for some years data were still of rather poor quality. Statistics at present level of details are published as from 1991.

Before 2006, the statistics were published in this way: 1st quarter, 1st half year, 1.-3. quarter and the whole year. As from 2006, the statistis are published quarterly.

Average price per transfer is published for transfers of dwelling properties with building and holiday properties with building. Properties without purchase price reported are not included. Dwelling property refers to detached houses, semi-detached houses, row-houses, flats in multi dwelling houses etc. Percentage of different dwelling types varies over time. For holiday properties a few transfers may include more than one holiday property unit. Due to these circumstances, the average value do not describe the price trend for a specific type of dwelling or holiday property, particularly not when the average figure is based on just a few transfers.

Therefore, average prices are not published for a lower level than county.

See the section revisions.

The statistics are based mainly on information reported in connection with registration of title to property and thus considered to be reliable. Misclassification of type of property and type of dwelling may occur.

In the period 2004-2007 the number of registered transfers classified as other type of property and other type of dwelling has increased. Registered transfers not specified have also increased. During the control routine we are not able to replace all of the transfers with the correct classification.

Errors originate from data processing in Statistics Norway are considered to be insignificant.

There are formal procedures to be followed when registering a real property. Consequently, non-response does not exist. Delay in the updating of the relevant registers may cause minor lacks in the preliminary statistics.

As from 2017 registered transfer of property owned through a housing cooperative is included. Data on the share of common debt in the cooperatve come from tax statistics for persons. If data on debt is missing, an average value is used.

The figures for dwelling and holiday properties in free sale for the years 2015-2020 have been changed. This is because several dwellings and a small number of holiday properties have by mistake been changed from the free sale to donation. These have now been changed back to free sale.

By linking information about the buyers and sellers involved in the sales with information from the National Population Register, we have been able to determine if any of the buyers are family members of the sellers. Up to three sellers and two buyers from each sale were included in the assessment of whether the buyer is related to the seller.

The following relatives are included in the test:

  • Spouse
  • Parents
  • Children
  • Siblings
  • Grandparents
  • Aunts/uncles

Sales that are declared as free market sales should be placed in the ‘other’ category if the price is lower than the market price. The guidelines for the statistics have not included any criteria for inclusion as a free market sale in terms of how the dwelling is sold or who buys the property. The only requirement has been for it to be sold at market price. This is often difficult to assess.

We have therefore examined how house sales to family members that are categorised as free market sales differ from the rest of the sales. We have only included sales with title transfers here. The average purchase price for dwellings sold to family members was significantly lower than the average for all free market sales. The low purchase price suggests that many of these dwellings were sold at a reduced price. Sales that are declared as free market sales have been placed in the ‘other category from 2015 if the buyer is related to the seller.





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