House prices down 2.6 per cent
Prices and price indices;Construction, housing and property
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

Price index for existing dwellingsQ4 2013



This is an archived release.

Go to latest 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 down 2.6 per cent

House prices decreased on average by 2.6 per cent from the third to the fourth quarter last year. All regions except Northern Norway had a decline in prices.

House price index. Change in per cent
 3rd quarter 2013 - 4th quarter 20134th quarter 2012 - 4th quarter 2013
Oslo incl. Bærum-3.1-1.2
Akershus excl. Bærum-2.52.8
South Eastern Norway-2.72.2
Hedmark and Oppland-6.30.8
Agder and Rogaland excl. Stavanger-0.4-0.4
Western Norway excl. Bergen-3.31.8
Trøndelag excl. Trondheim-3.43.6
Northern Norway0.95.5
Figure 1. House price index by house type

In Hedmark and Oppland, dwellings were 6.3 per cent less expensive in the last quarter of 2013. During the same period, house prices increased by 0.9 per cent in Northern Norway.

The prices of flats in blocks decreased by 4.0 per cent, while detached houses and row houses decreased by 2.8 and 1.7 per cent respectively.

Strongest annual growth on flats in 2013

The average house prices of 2013, as a whole, were 3.9 per cent higher than in 2012. The prices of flats in blocks increased by 4.2 per cent, while row houses and detached houses had an increase of 3.7 per cent.

Strong price growth in Trondheim in last 5 years

In 2013, the average house prices for Norway as a whole were 32.0 per cent higher than during the financial crisis in 2008. The strongest increase among the cities was in Trondheim, where the house prices increased by 45.8 per cent during the period. In Stavanger and Bergen, the prices increased by 39.5 and 38.6 per cent respectively. Oslo had an increase of 37.4 per cent.

A total of 17 027 house sales were used in the index calculations for the fourth quarter of 2013.