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Record high value of property transfers
statistikk
2017-01-30T08:00:00.000Z
Construction, housing and property
en
eiendomsoms, Transfer of properties, registered transfers, dwellings, commercial properties, leisure properties, land, purchase price, type of dwellings, ground lease, transfer of title (for example free market sale, compulsory sale, settlement of estate)Property, Construction, housing and property
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Transfer of properties. Record high property transfer.

Transfer of properties, Q4 2016, preliminary figures

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Record high value of property transfers

The aggregate value of properties transferred during the fourth quarter of 2016 increased by 10 per cent compared with the fourth quarter of 2015. The number of transferred properties rose by 2 per cent.

Registered transfers of real property. Preliminary figuresPublished 30 January 2017
4th quarter 2016Change in per cent
TransfersShare4th quarter 2015 - 4th quarter 20164th quarter 2011 - 4th quarter 2016
All transfers53 995100.01.93.9
Establishment of lease512118.26.0
Transfer of lease3 62974.3-6.4
Transfer of title total49 854921.64.7
Transfer of title, free market sale31 551582.3-0.9
Transfer of title, donation4 31882.059.3
Transfer of title, compulsory sale and eminent domain2390-2.09.6
Transfer of title, licensed and inheritance of decedent estate7 68414-1.82.4
Transfer of title, other and not specified6 062112.614.1

Source: Statistics Norway

Figure 1. Registered transfers of real property. 4th quarter
Figure 2. Average purchase price per transfer of built-up dwelling and holiday properties on owned site sold on the free market
Figure 3. Number of holiday homes on owned site sold on the free market, by size of purchase price in NOK 1 000. 4th quarter
Figure 4. Number of holiday homes on leased site sold on the free market, by size of purchase price in NOK 1 000. 4th quarter
Figure 5. Number of dwellings sold on the free market by type of dwelling. 4th quarter
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* = preliminary figures

A total of 54 000 transfers of real property were registered in the fourth quarter of 2016; an increase of 1 000 properties compared with the same quarter in 2015. The aggregate value of properties transferred during the fourth quarter of 2016 amounted to NOK 120.3 billion. This is an increase of NOK 11 billion compared with the corresponding quarter in 2015.

Increase in transfers of dwellings

In total, 24 800 dwellings were sold on the free market in the fourth quarter of 2016; an increase of 2.9 per cent compared with the same quarter in 2015. The increase was strongest in Sør-Trøndelag and Oslo, with 17 and 16 per cent respectively.

More transfers of holiday homes

In the fourth quarter of 2016, a total of 4 200 holiday homes were sold on the free market. This is an increase of 1.7 per cent. Almost 3 200 of these were holiday homes on an owned site, while 1 000 were transfers of holiday homes on a leased site. The average price per transfer was NOK 1.7 million for holiday homes on an owned site, and NOK 1.6 million for holiday homes on a leased site.

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The statistics are based on the number and the value of the registered transfers of real property. The composition of sold properties varies over time as regards size, standard and location. Due to this, the change in average price per transfer from one year to another does not reflect the correct price trend for a certain type of property.

For instance, a large number of high-standard holiday homes have been built in recent years. Therefore, the average purchase price per transferred holiday home has increased more than the price of one single holiday home.

For the development of the value of the total housing stock in Norway , see the House price index.