Price index for existing dwellings, Q1 2011

The rise in prices was quite similar for the different house types during the last quarter. Prices of flats increased by 5.7 per cent, while prices of detached houses and row houses increased by 5.0 per cent.

Strongest growth in the cities last year

From the first quarter of 2010 to the first quarter of 2011, house prices increased by an average of 8.4 per cent in the country as a whole. Bergen had the strongest growth in this period with 12.2 per cent. In the other cities, the house prices increased by between 9.2 and 10.9 per cent in the same period.

The price growth outside the cities was highest in Western Norway excluding Bergen, with 10.7 per cent. Northern Norway had the lowest growth by 3.4 per cent.

Among the different house types, flats in blocks had the highest price growth last year, by 9.7 per cent. Prices of row houses and detached houses had an increase of 9.0 and 7.5 per cent respectively in this period.

Tables:

• Table 1 House price index . All dwellings. 2005=100
• Table 2 International comparison. Prices of detached houses. Price change the last quarter and year