Slight changes in house prices
Prices of second hand dwellings decreased by 0.8 per cent from the third to the fourth quarter 2002. Compared with the fourth quarter of 2001, prices increased by 5.6 per cent, according to preliminary numbers from Statistics Norway.
This statistics is no longer updated. Now published as The House price index
In Oslo and Bærum, prices decreased by 1.9 per cent from the third to the fourth quarter of 2002. In Stavanger, Bergen and Trondheim and the rest of the country, prices decreased by 2.8 per cent during the same period. In Akershus - exclusive Bærum - prices increased by 0.8 per cent, while prices decreased by 0.4 per cent in the rest of the country from the third to the fourth quarter 2002.
Prices up 5.6 per cent during the last year
Prices of used dwellings increased by 5.6 per cent from the fourth quarter of 2001 to the fourth quarter 2002. Prices increased the most in Stavanger, Bergen and Trondheim, 6.5 per cent. In Oslo and Bærum, and the rest of Akershus, prices increased by 5.9 and 4.1 per cent respectively during the last year. The rest of the country had a price growth of 5.4 per cent.
Prices of row houses increased the most during the last year, by 7.8 per cent. Detached houses and flats increased by 4.4 and 6.2 per cent respectively, from the fourth quarter of 2001 to the fourth quarter of 2002.
A total of 5 045 sales have been used in the calculation of the price index. The preliminary figures are adjusted for a predominance of sales from the first two months of the quarter.
Price index for secondhand dwellings. Freeholder, preliminary figures. 4. quarter 2002.
|4. quarter 2002||Percentage change|
|3. quarter 2002 - 4. quarter 2002||4. quarter 2001 - 4. quarter 2002|
|Secondhand dwellings total||217.8||-0.8||5.6|
|Oslo with Bærum||291.4||-1.9||5.9|
|Rest of Akershus||239.8||0.8||4.1|
|Stavanger, Bergen and Trondheim||242.4||-2.8||6.5|
|Rest of the country||188.3||-0.4||5.4|
The statistics is published with Price index for existing dwellings.