Price index for existing dwellings, Q3 2007

Adjusted for normal seasonal variations the increase in house prices was 1.8 per cent from the second to the third quarter for the country as a whole. In Oslo and Bærum, however, the house prices fell by 0.5 per cent adjusted for seasonal variations.

Sharpest decline for detached houses

Prices of detached houses fell by 2.2 per cent from the second to the third quarter, while prices of row houses and flats fell by 0.5 per cent respectively.

Row houses have seen the largest increase in prices over the last year and are now 13.3 per cent higher than in the third quarter of last year. For detached houses and flats the corresponding increase is 11.8 per cent and 8.3 per cent respectively.

Higher price growth for detached houses than in neighbouring countries

From the first quarter of 2006 to the first quarter of 2007, prices of detached houses in Norway increased by 15.7 per cent, compared with 8.0 per cent in Sweden and 7.4 per cent in Denmark.

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 6 International comparison. Prices of detached houses. Price change the last quarter and year