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This is an archived release.
An error has been identified in ‘The Index for row houses for Nord-Norge' for the period 2nd quarter 2012 - 1st quarter 2014. This has also affected the total figures. Updated figures for this period are available in StatBank.
House prices up 0.6 per cent
House prices increased on average by 0.6 per cent from the second to the third quarter of 2012, and are now 7.0 per cent higher than one year ago.
From the second to the third quarter of this year, prices of flats in blocks and row houses increased by 2.8 and 0.3 per cent respectively, while the prices of detached houses fell by 0.1 per cent.
The rise in prices has been strongest in the cities and Northern Norway, where houses have been between 1.2 and 2.8 per cent more expensive since the previous quarter. In the other regions, prices have remained largely the same, or up to 1.5 per cent cheaper.
| 2nd quarter 2012-3rd quarter 2012 | 3rd quarter 2011-3rd quarter 2012 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total | 0.6 | 7.0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Oslo incl. Bærum | 2.7 | 9.1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Stavanger | 2.8 | 9.6 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Bergen | 1.3 | 6.5 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Trondheim | 1.2 | 9.2 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Akershus excl. Bærum | 0.0 | 6.1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| South Eastern Norway | -0.5 | 5.8 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Hedmark and Oppland | -0.8 | 5.0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Agder and Rogaland excl. Stavanger | -0.4 | 5.3 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Western Norway excl. Bergen | -1.5 | 6.2 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Trøndelag excl. Trondheim | -2.7 | 5.7 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Northern Norway | 1.7 | 6.8 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compared with the third quarter last year, prices for flats in blocks increased by 9.3 per cent.
For detached houses and row houses, the growth was 6.4 and 6.2 per cent respectively.
In Stavanger, Oslo incl. Bærum and Trondheim, the rise in house prices in the past year has been higher than the national average of 7.0 per cent. House prices in Bergen increased by 6.5 per cent.
Houses that are sold at different times are different as regards size, location and standard. In order to reveal the pure price change between different times, Statistics Norway uses a correction method for some of these quality differences. This method corrects ??for differences in size, type, year of construction and geographical location. The model does not correct for changes in housing standard. This means that the calculations overestimate the price growth somewhat, especially in periods of strong growth in the construction of houses.
A total of 20 722 house sales are used in the index computation for the third quarter of 2012. Average square metre prices, together with the full time series, can be found in “ More tables in StatBank ”.
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Contact
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Per Medby
E-mail: per.medby@ssb.no
tel.: (+47) 90 24 11 27
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Mona Takle
E-mail: mona.takle@ssb.no
tel.: (+47) 40 81 14 12