This is an archived release.
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.
|3rd quarter 2014 - 4th quarter 2014||4th quarter 2013 - 4th quarter 2014|
|The whole country||-0.5||5.8|
|Oslo including Bærum||0.4||8.3|
|Akershus excluding Bærum||-1.0||4.5|
|Hedmark and Oppland||0.2||7.7|
|Agder and Rogaland excluding Stavanger||-0.3||2.5|
|Vestlandet excluding Bergen||-2.6||2.8|
|Trøndelag exluding Trondheim||1.0||6.7|
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.