According to comparing the fourth quarter of 2021 to the fourth quarter of 2022, the prices of new houses in Norway increased by 3,7 percent.
From the fourth quarter of 2021, there has been an increase in the prices of both new single-family houses and new multi-family houses, according to new data from new home price index .
Compared to the third quarter, there was a general decline in the prices of new flats. New home prices fell by 2,8% from Q2017 to QXNUMX. To find such a big drop from the previous quarter, we have to go back to XNUMX.
Also read: When is the best time to sell a property in Norway.
New apartment buildings more expensive by 2,1 percent
Prices of new blocks of flats and single-family houses increased by 2,1 percent. from Q2021 2022 to Q2022 3,4. Compared to QXNUMX XNUMX, prices fell by XNUMX%.
New single-family homes more expensive by 7,3 percent
New single-family homes recorded a price increase of 7,3 percent. from Q2021 2022 to Q0,1 XNUMX. Compared to the previous quarter, the prices of new single-family houses remained almost unchanged, with a decrease of XNUMX percent.
Strong annual increase in prices of new houses
In 2022, the annual growth was 7,0%. Annual growth is calculated by comparing the average of the four quarters of the year with the average of the previous year.
What affects the increase in real estate prices
There are many factors that affect the increase in real estate prices. It is worth noting, however, that real estate prices will always depend on specific market and regional conditions, and the factors affecting their value may vary depending on the country or region in which the property is located.
Like us on Facebook and share our post with others. Thank you.
Source: Statistics Norway (SSB)
Read and learn more:The government introduces changes in the electricity subsidy system
