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28589
Price increase for all house prices
statistikk
2009-10-14T10:00:00.000Z
Prices and price indices;Construction, housing and property
en
bpi, Price index for existing dwellings, price development, house prices, detached houses, town houses, blocks of flats, housing cooperatives, homeowner, price per square metre, house salesDwelling and housing conditions , House prices and house price indices , Construction, housing and property, Prices and price indices
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Price index for existing dwellings, Q3 2009

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Price increase for all house prices

Flats in blocks had the largest price increase from the second to the third quarter of 2009; 3.9 per cent. The prices of row houses and detached houses increased by 2.5 and 0.8 per cent respectively.

House price index by house type. 1st quarter 1992 = 100

Overall, the prices increased by 1.8 per cent from the second to the third quarter of 2009, which means that the house prices are now 3.8 per cent higher than in the third quarter last year. While prices of flats in blocks became 6.6 per cent more expensive than in the third quarter of 2008, the prices of row houses and detached houses increased by 3.9 and 2.8 per cent in the same period

House price index. Change in per cent
  2nd quarter 2009-3rd quarter 2009 3rd quarter 2008-3rd quarter 2009
Total 1.8 3.8
     
Oslo incl. Bærum 4.4 6.6
Stavanger 3.9 3.3
Bergen 4.2 6.5
Trondheim 2.0 3.9
     
Akershus excl. Bærum 3.5 2.3
South Eastern Norway 1.3 2.7
Hedmark and Oppland 0.9 3.4
Agder and Rogaland excl. Stavanger 1.7 -0.3
Western Norway excl. Bergen -4.9 7.8
Trøndelag excl. Trondheim 0.2 -3.8
Northern Norway 0.4 1.6

Variation between different regions

Among the largest cities, Oslo incl. Bærum and Stavanger had the strongest rise in house prices by 4.4 and 3.9 per cent respectively. Trøndelag excl. Trondheim was the region with the lowest price growth, at 0.2 per cent.

House price index for detached houses in Norway, Sweden and Denmark. 1st quarter 2005 = 100

Revised calculation model

As from 2009, the house price index is solely based on data from Finn.no. The number of indices has been expanded to include 11 regions, of which four are cities. There are no longer separate indices for cooperative and freeholder houses. The tenure status is instead included as an explanatory variable in the regression equations. The regression equations, used in the index calculations, are expanded by more price zones in all the regions. In addition, new explanatory variables are used: the construction year of the house, if it is situated in a sparsely or densely populated area and centrality of the municipality. The value of the housing stock is used as weights to calculate the total indices for the country, regions, cities and house types. (This method of weighting has been in use since 2002.)

Changes in publication

New figures are calculated back to 2005 and the indices are now published with 2005 = 100. With some exceptions, indices for all three house types are published, including a total index for all regions. The exceptions are Hedmark and Oppland, Trøndelag excluding Trondheim and North of Norway. For these regions, the index for row houses is not published due to the small number of sales and thus a high degree of uncertainty.

Average square metre prices and the complete time series can be found in the StatBank .

A total of 19 023 house sales are used in the index computation for the third quarter of 2009.

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