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192943
House prices up 5.8 per cent
statistikk
2015-01-19T10:00:00.000Z
Prices and price indices;Construction, housing and property
en
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
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The house price index measures developments in the value of the housing stock. Despite the normal drop in house prices between the 3rd and the 4th quarter, house prices increased by 5.8 per cent from the 4th quarter of 2013 to the 4th quarter of 2014.

Price index for existing dwellings, Q4 2014

Errors have been found in the Index for small houses in northern Norway for the period 2nd quarter 2012-1st quarter 2014. This has also affected the total figures. The figures that were corrected were the house price index, total figures and the zone northern Norway, for the 4th quarter of 2013 and likewise for the year 2013. Updated figures for this period are available in StatBank .

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House prices up 5.8 per cent

Despite the normal drop in house prices between the 3rd and the 4th quarter, house prices increased by 5.8 per cent from the 4th quarter of 2013 to the 4th quarter of 2014.

House price index. Change in per centPublished 19 January 2015
3rd quarter 2014 - 4th quarter 20144th quarter 2013 - 4th quarter 2014
The whole country-0.55.8
 
Oslo including Bærum0.48.3
Stavanger-0.51.0
Bergen-0.39.1
Trondheim1.57.4
 
Akershus excluding Bærum-1.04.5
Sør-Østlandet-1.65.0
Hedmark and Oppland0.27.7
Agder and Rogaland excluding Stavanger-0.32.5
Vestlandet excluding Bergen-2.62.8
Trøndelag exluding Trondheim1.06.7
Nord-Norge-1.07.5

Source: Statistics Norway

Figure 1. House price index, by house type. 1992=100

The prices of flats in blocks and detached houses increased by 8.5 and 5.6 per cent respectively from the 4th quarter of 2013 to the 4th quarter of 2014. The corresponding increase in prices for small houses was 3.7 per cent.

Strongest annual growth in detached houses

Average house prices for the year 2014 are 2.7 per cent higher than the average for 2013. House prices of detached houses and flats in blocks increased by 3.0 and 2.8 per cent respectively, while small houses had a price increase of 2.0 per cent.

House prices in Northern Norway had the highest increase from 2013 to 2014, by 5.0 per cent. Stavanger was the only region with a decrease in house prices in this period, by 1.9 per cent.

A total of 18 483 house sales were used in the index calculations for the 4th quarter of 2014.