Marked increase in sales of dwellings

HomeSalesThe sales of dwellings rose by 17 per cent in the first quarter of 2010 compared with the same period the previous year. The aggregated value of dwellings transferred on the free market rose by 26 per cent.

In total, 37,000 transfers of real property were registered in the first quarter of 2010; an increase of 9 per cent compared with the same quarter in 2009. The aggregated value of the transferred properties amounted to NOK 52.8 billion; a 21 per cent increase compared with the same period the previous year.

Marked increase in transfer of dwellings

In total, 14,800 dwelling properties with building were sold on the free market in the first quarter of 2010. This is 17 per cent more than in the first quarter of 2009. The average price for these properties was NOK 2.4 million. The average price per dwelling transfer in the first quarter of 2010 was highest in Oslo and Akershus, with NOK 3.9 million and NOK 3.0 million respectively.

Small changes for holiday homes

The number of holiday homes sold on the free market amounted to almost 1,600 in the first quarter of 2010. Compared with the first quarter of 2009 this is a decrease of 2 per cent. For these properties, the average price was NOK 1.4 million. Vestfold experienced the highest average price, with NOK 1.9 million per holiday home transferred on the free market. Transfers of holiday homes on a leased site are not included in these figures.

Source: Statistics Norway

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