Decrease in sales of dwellings

Family homeFamily home.Photo: pixabay.com

Registered transfers of dwellings decreased by 6 per cent from the second quarter of 2015 to the second quarter of 2016.

Most of the decline occurred in Oslo and Rogaland, where 29 and 28 per cent fewer transfers were registered respectively. The number of transferred holiday homes increased by 9 per cent in the same period.

A total of 48 400 transfers of real property were registered in the second quarter of 2016. The aggregated value of the transferred properties amounted to NOK 101.6 billion; the same level as the second quarter of 2015.

Decline in transfers of dwellings
In total, 21 700 dwellings were sold on the the free market in the second quarter of 2016; a decrease of 6 per cent compared with the same quarter in 2015. The decline was strongest in Oslo and Rogaland. In Oslo, the decline was 29 per cent, while the average price per transfer increased by 9 per cent. In Rogaland, 28 per cent fewer dwellings were sold.

More transfers of holiday homes
In the first quarter of 2016, a total of 3 400 holiday homes were sold on the free market. This is an increase of 9 per cent. Almost 2 600 of these were holiday homes on an owned site, while 800 were transfers of holiday homes on a leased site. The average price per transfer was NOK 1.7 million for holiday homes on an owned site, and NOK 1.5 million for holiday homes on a leased site.

 

Source: SSB / Norway Today

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