Price index for existing dwellings, Q1 2012

The price increase was about the same for all types of housing from the fourth quarter last year to the first quarter of 2012. The prices of row houses increased by 3.9 per cent, while flats and detached houses increased by 3.5 and 3.3 per cent.

House prices are on average 6.3 per cent higher now than at the same time last year. Flats cost 8.6 per cent more than in the first quarter of 2011, while prices of row houses and detached houses have increased by 6.4 and 5.4 per cent during the same period.

Nordic comparison

After the financial crisis, prices of detached houses developed differently in the Nordic countries. From the fourth quarter of 2008 to the fourth quarter of 2011, prices of detached houses in Norway and Sweden increased by 25.1 and 9.5 per cent respectively, while in Denmark the prices decreased by 9.6 per cent. In the fourth quarter of 2011 the cost of houses in Denmark and Sweden was 7.5 and 2.8 per cent less than the same quarter last year respectively. During the same period, prices of detached houses in Norway increased by 7.1 per cent.

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