General market information

• Author: Bergsaker, Trygve
• Pages: 12-14

Consum er mar ket stud y on the fun ctio ning of the r eal estate servi ces for consum ers in the EU – Coun try Fiche Norw ay

12

2. Gener al m arket inf orm ation

2.1 Key market dat a

Ta ble 5: K ey m ark et dat a

Gene ra l m ar ket situ at ion ( e.g .

tr en ds in the m arke t, re cent

de velopm en ts in t he m ark et , p rice

fluctu at ions, etc.)

Sha rp ri se in hou se pri ces af ter Wor ld War I I f ollowed by a d rop in prices bet ween 198 8 an d 2 008 . Ther e has

been a r ecent tren d t o st abili zatio n an d slight fall in prices in 2 017 due t o govern ment regu lati ons of

mort gages a nd t axes.

To tal va lue of re sid ent ia l

tra nsa ction s fo r b uyin g a nd ren ting

fo r t he y ear 2 01 5 (2 0 14 or 201 3

de pend ing on t he lat est ava ila ble

da ta ) expr essed in EUR

• Valu e bu ying 2015 : app rox. 400 billi on NOK (ap prox . 4 2 bi llion EUR);

• Rent ing: Figur e not avai lable

Ra tio ho use ow ners – tena nt s ( i.e .

the pe rce nt age of househ old s t hat

ar e o wn ers r esp. te nan ts o f d we lling

un it s)

20 15: Own ers 78 % , t enants 22 %

Usag e o f lan d ( Qu otas f or bu ilt la nd,

ag ric ult ural la nd, “w il d la nd ”

( for est s, lak es et c.)

Built land 2 %, ag ricul tura l land 3 % , forest s 37 %, open land ( little v egetation, mou ntai ns) 38 %

Aver ag e p rice s of resid ent ial

pr ope rt y

Accor ding to the ty pe of propert y

• Ave rage flat of ca. 70 sq m

• Ter race house of ca. 100 sqm

• Det ached (one f ami ly house)

of ca. 150 sqm

• Flat 70 sq m 2 012: NOK 2 .436. 000 ( EUR 256 .000) ;

• Ter race house 10 0 sq m: n. a.;

• Det ached 150 sqm 20 12: NOK 2.910 .000 (EUR 30 6.000 ).

Accor ding to the ty pe of locati on

• Capita l cit y

• Urb an area s

• Rural areas

• Capital cit y of Oslo 201 7, f lat 70 sqm: NOK 5 .100.00 0 ( EUR

53 0.00 0), det ached hou se 15 0 sq m: NOK 7. 800.0 00 ( EUR

820.00 0);