Price index for existing dwellings, Q4 2009

From the third to fourth quarter last year prices of row houses and flats in apartment blocks increased by 0.7 and 0.2 per cent respectively, while prices of detached houses fell by 0.3 per cent.

Apartment blocks had a 16.0 per cent price rise from the fourth quarter of 2008 to the fourth quarter of 2009. During the same period, prices of row houses and detached houses increased by 12.5 and 9.7 per cent respectively.

Growth in the large cities

In 2009, house prices were 29 per cent higher than the 2005 average. Stavanger had the strongest increase with 53 per cent. During the same period, Trondheim and Bergen were the regions with the lowest price growth, at 18.0 and 18.4 per cent respectively.

Average square metre prices and the complete time series can be found in StatBank . A total of 16 611 house sales are used in the index computation for the fourth quarter of 2009.

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