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This is an archived release.
New multi-dwelling houses up 11.3 per cent
Prices of new multi-dwelling houses increased by 11.3 per cent from the second half of 2006 to the second half of 2007. The increase from the first to the second half of 2007 was 9.0 per cent.
From 2006 to 2007, the annual price index for new multi-dwelling houses increased by 8.3 per cent. Prices of new multi-dwelling houses have increased by 81.9 per cent since 2000. The annual price index is based on the average of the half-yearly indexes.
Changed publishing
From the second half of 2007, Statistics Norway only publishes the total index for new multi-dwelling houses. This means that we no longer distinguish between small houses and blocks of flats. This is a result of few observations in the data material.
Data sourceThe Norwegian State Housing Bank provides the data used in this index. The data are based on information from loan applications received by the bank. The index only includes projects for which loans have been granted. A distinction is made between two building categories: Small houses comprise row houses, linked houses, atrium houses, terraced houses, houses with two, three or four dwellings and other multi-dwelling houses with less than three storeys. Blocks of flats comprise multi-dwelling houses with three or more storeys PriceThe prices used in the index refer to the price paid by the final owner, excluding the cost of land. They are based on loan applications and are estimates of the final cost, not the actual final cost. Comparisons between the estimated cost and actual cost show that there are insignificant differences between the two. Time of measurementThe index is comprised of multi-dwelling housing projects for which the Norwegian State Housing Bank has granted loans during the six-month reference period. Loans are normally granted before or when the building starts. |
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