Transfers of agricultural properties, 2009

In the last 10 years, almost 5 per cent of a total of 187 000 agricultural properties have been transferred annually. In 2009, one in three of the properties were sold on the free market, one in three were transferred as licensed decedent estate or inheritance of decedent estate and one in five were transferred as a donation.

Lower purchase price within the family

The average purchase price for all transferred properties sold on the free market was NOK 1 450 000. This figure rises to NOK 1 556 000 when transfers between family members are excluded. For transfers from one family member to another, the average purchase price was NOK 1 067 000. One in five agricultural properties sold on the free market remained within the family.

Average purchase price highest in Oslo and Akershus

The average purchase price for agricultural properties sold on the free market was highest in Oslo and Akershus. For properties with building and with agriculture as purpose of use, the average purchase price per transfer was NOK 3.1 million. For the country as a whole, the average purchase price for this type of property was NOK 1.5 million.

Purpose of use not only agriculture

The purpose of use for the transferred properties is reported on the deed of conveyance. For the transferred agricultural properties sold on the free market in 2009, 67 per cent had agriculture as the purpose of use, 19 per cent dwelling, 9 per cent holiday and 6 per cent other purposes.

Tables:

• Table 1 Registered transfers of agricultural properties, by county. 2009
• Table 2 Agricultural properties sold on the free market, by purchase price. 2009
• Table 3 Registered transfers of agricultural properties, by county, type of transfer and type and sex of new owner. 2009