This is an archived release.
House prices up 2.7 per cent
House prices increased by 2.7 per cent from the 3rd to the 4th quarter of 2016 when adjusted for seasonal variations. Prices of flats in blocks had the highest growth, with 4.4 per cent. In the same period, the prices of detached houses and small houses increased by 1.9 and 1.8 per cent respectively.
|Seasonally adjusted||4th quarter 2015 - 4th quarter 2016|
|3rd quarter 2016 - 4th quarter 2016|
|The whole country||2.7||10.1|
|Oslo including Bærum||5.2||21.7|
|Akershus excluding Bærum||4.7||14.3|
|Hedmark and Oppland||-0.2||6.6|
|Agder and Rogaland excluding Stavanger||0.0||0.1|
|Vestlandet excluding Bergen||-0.6||4.6|
|Trøndelag exluding Trondheim||1.6||6.0|
House prices in Oslo and Akershus had the highest growth in the 4th quarter, with 5.2 and 4.7 per cent respectively. North Norway is also among the regions with the highest growth in house prices, with 3.8 per cent. Stavanger and Bergen had an increase of 2.6 and 3.0 per cent respectively, while the house prices in Trondheim were 1.9 per cent more expensive in the 4th quarter.
Strongest price growth in Oslo
The overall figures for 2016 show that house prices in Norway increased on average by 7.1 per cent compared to 2015. However, there are geographic variations. The capital area stands out with an increase in house prices of 15.5 per cent in Oslo and Bærum. In this region, the prices of flats in blocks had the largest growth, with 17.0 per cent. Small houses and detached houses increased by 13.8 and 12.7 per cent respectively.
Greatest decline in Stavanger
Stavanger is the region with the largest price decrease, with an average fall of 5.9 per cent on average between 2015 and 2016. Small houses had the strongest decline, with 6.7 per cent, while the decline of detached houses and flat in blocks was 5.8 and 4.6 per cent respectively.
A total of 16 821 house sales were used in the index calculations for the 4th quarter of 2016.