House prices up 1.8 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
The house price index measures development of the value of the housing stock. The house prices in Norway increased on average by 5.5 per cent from the 2ndd quarter of 2015 to the 2nd quarter of 2016.

Price index for existing dwellingsQ2 2016




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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.

House price index. Change in per cent
Seasonally adjusted2nd quarter 2015 - 2nd quarter 2016
1st quarter 2016 - 2nd quarter 2016
The whole country1.85.5
Oslo including Bærum4.412.7
Akershus excluding Bærum2.48.7
Hedmark and Oppland2.94.8
Agder and Rogaland excluding Stavanger0.5-0.7
Vestlandet excluding Bergen-3.4-0.3
Trøndelag exluding Trondheim1.44.3
Figure 1. House price index, by house type. 1992=100

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.