Strong decrease in sales of dwellings

Norway TodayPicture from Bærum city.Photo Norway Today Media

Registered transfers of dwellings decreased by 20 per cent from the first quarter of 2015 to the first quarter of 2016.

The number of holiday homes increased by 6 per cent in the same period.

A total of 39 300 transfers of real property were registered in the first quarter of 2016; a decrease of 9 per cent compared with the first quarter of 2015. The aggregated value of the transferred properties amounted to NOK 78.6 billion; a decrease of 8 per cent compared with the same quarter of 2015.

Marked decline in transfers of dwellings
In total, 15 900 dwellings were sold on the free market in the first quarter of 2016; a decrease of 20 per cent compared with the same quarter in 2015. There was a decline in all counties, but the decline was strongest in Oslo, Akershus and Rogaland. The highest average price per dwelling transfer in the first quarter of 2016 was recorded in Oslo at NOK 5.9 million.

More transfers of holiday homes
In the first quarter of 2016, a total of 2 600 holiday homes were sold on the free market. This is an increase of 6 per cent. Almost 2 000 of these were holiday homes on an owned site, while 600 were transfers of holiday homes on a leased site. The average price per transfer was NOK 1.6 million for holiday homes on an owned site, and NOK 1.7 million for holiday homes on a leased site.

 

Source:   SSB / Norway Today

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