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statistikk
2014-04-28T10:00:00.000Z
Prices and price indices;Construction, housing and property
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kvadenebol, Prices per square metre of detached houses, price development, house prices, new detached houses, second-hand detached housesDwelling and housing conditions , House prices and house price indices , Construction, housing and property, Prices and price indices
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Prices per square metre of detached houses, 2013

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Stable price differences for detached houses

In 2013, the average price of secondhand detached houses was 70 per cent of the price of new detached houses. The ratio between the price of new and secondhand detached houses is almost unchanged from 2012.

Prices per square meter for detached housesPublished 28 April 2014
Price per square meter (NOK) Percentage change from previous year Price ratio of used detached houses in per cent of news ones
New detached houses Used detached houses New detached houses Used detached houses
2009 22 651 16 806 6.8 2.1 74.2
2010 23 803 17 930 5.1 6.4 75.3
2011 25 957 19 028 9.0 6.1 73.3
2012 28 415 19 976 9.5 5.0 70.3
2013 29 423 20 780 3.5 4.0 70.6

Source: Statistics Norway

Figure 1. Average price per square meter for used and new detached houses. 2013
Figure 1. Average price per square meter for used and new detached houses. 2013

The average square metre price of new detached houses completed in 2013 was NOK 29 423. The average square metre price of detached houses bought in the secondhand market in the same year was NOK 20 780.

Large regional variations

The average square metre price of new detached houses varies from NOK 23 001 in Sogn and Fjordane to NOK 53 680 in Norway’s capital city, Oslo. Stavanger is the second most expensive city, with an average square metre price for new detached houses of NOK 42 332.

The average square metre price of secondhand detached houses varies from NOK 14 162 in Hedmark to NOK 41 948 in Oslo. Hedmark is the county with the largest price difference between new and used detached houses, with a square metre price for secondhand detached houses 43 per cent below the price of new ones.