Price index for existing dwellings, Q2 2004

Adjusted for seasonal variations, house prices increased by 0.6 per cent from the first to the second quarter of 2004. This means that prices have increased more during the last quarter, than they normally do from the first to the second quarter.

Prices of row houses increased the most the last quarter

Prices of row houses increased by 3.0 per cent during the last quarter. Prices of detached houses and flats increased by 1.2 and 0.8 per cent respectively during the same period.

The price growth showed small geographical variations during the last quarter. Prices increased the most in Stavanger, Bergen and Trondheim, by 2.1 per cent. In Oslo, Bærum and the rest of Akershus, prices increased by 1.9 per cent. In the rest of the country, prices increased by 1,2 per cent from the first to the second quarter this year.

Prices up 15.4 per cent in Stavanger, Bergen and Trondheim

From the second quarter of 2003 to the second quarter of 2004, house prices increased by 10.2 per cent. Prices increased the most in Stavanger, Bergen and Trondheim, by 15.4 per cent. Prices of flats increased by 17.9 in this price zone, during the last year, while prices of detached houses and row houses increased by 15.4 and 14.1 per cent respectively.

House prices in Stavanger, Bergen and Trondheim have increased by 45.4 per cent from the first quarter of 2000. The average price growth for the country as a whole, has been 30.1 per cent during the same period. In Oslo and Bærum, prices have increased by 22.5 per cent from the first quarter of 2000.

In Oslo and Bærum, prices increased by 10.9 per cent on average from the second quarter of 2003 to the second quarter of 2004. In Akershus, exclusive Bærum and the rest of the country, prices increased by 9.5 and 8.7 per cent respectively, during the last year.

A total of 15 406 sales are used in the calculation of the price index.

Tables:

• Table 1 House price index. All dwellings. 2000=100
• Table 2 House price index. All dwellings. Seasonally adjusted. 2000=100
• Table 3 House price index. Freeholder. 2000=100
• Table 4 House price index. Housing cooperative. 2000=100
• Table 5 Average price per square metre. Freeholder, by county/city