House prices up 1.8 per cent
House prices increased by 1.8 per cent from the 1st to the 2nd quarter of 2016, when adjusted for seasonal variations. Prices of flats in blocks had the highest growth by 3.4 per cent.
|Seasonally adjusted||2nd quarter 2015 - 2nd quarter 2016|
|1st quarter 2016 - 2nd quarter 2016|
|The whole country||1.8||5.5|
|Oslo including Bærum||4.4||12.7|
|Akershus excluding Bærum||2.4||8.7|
|Hedmark and Oppland||2.9||4.8|
|Agder and Rogaland excluding Stavanger||0.5||-0.7|
|Vestlandet excluding Bergen||-3.4||-0.3|
|Trøndelag exluding Trondheim||1.4||4.3|
Compared to the first quarter of 2016, the prices of small houses and detached houses have increased by 2.5 and 1.0 per cent respectively.
House prices in the regions Oslo and Bærum and Northern Norway had the highest growth in the last quarter, by 4.4 and 4.0 per cent respectively. Western Norway excluding Bergen had the largest decrease of house prices by 3.4 per cent.
Strongest price development in Oslo last year
House prices in Oslo and Bærum increased on average by 12.7 per cent from the 2nd quarter of 2015 to the 2nd quarter of 2016. In this region the prices of flats in blocks increased by 13.5 per cent. Detached houses and small houses increased by 11.8 and 11.2 per cent respectively.
Stavanger is the region with the largest price decrease since the 2nd quarter of 2015, with an average fall of 7.8 per cent. The decrease was around 8 per cent for all dwelling types.
House prices in Norway increased on average by 5.5 per cent in this period.
A total of 27 083 house sales were used in the index calculations for the 2nd quarter of 2016.