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statistikk
2021-04-29T08:00:00.000Z
Construction, housing and property
en
eiendomsoms, Transfer of properties, registered transfers, dwellings, commercial properties, leisure properties, land, purchase price, type of dwellings, ground lease, transfer of title (for example free market sale, compulsory sale, settlement of estate)Property, Construction, housing and property
true

Transfer of properties

Updated

Next update

Key figures

27 783

transfer of dwellings on the free market in the 1st quarter of 2021

Registered transfers of real property and properties owned through a housing cooperative. Preliminary figures
1st quarter 20211st quarter 2020 - 1st quarter 20211st quarter 2016 - 1st quarter 2021
 
All transfers56 30311.5
Real estates47 23913.212.6
Cooperative estates9 0643.7
 
Dwelling properties on the free market sale, total27 7839.4
Dwelling properties on owned site, free market sale20 09812.931.3
Dwelling properties on leased site, free market sale757-1.911.8
Properties owned through a housing cooperative, free market sale6 9281.7
 
Holiday properties , free market sale, total3 63148.663.9
Holiday properties on owned site, free market sale2 90356.269.1
Holiday properties on leased site, free market sale72824.745.9

See selected tables from this statistics

Table 1 
Transfers of dwelling properties with building, free market sale. Preliminary figures

Transfers of dwelling properties with building, free market sale. Preliminary figures
1st quarter 2021
Transfers, totalTotal purchase price (NOK million)Purchase price per transfer (NOK 1 000)Transfers of titleTotal purchase price, transfer of title (NOK million)Purchase price per transfer of title (NOK 1 000)Transfers of leasesTotal purchase price on transfer of lease (NOK million)Purchase price, transfer of lease (NOK 1 000)
The whole country20 85590 9634 36220 09888 2934 3937572 6703 527
 
Viken5 81028 5394 9125 62827 8644 9511826753 709
Oslo2 57018 7317 2882 44218 0107 3751287215 636
Innlandet1 0763 0502 8351 0422 9532 83434972 864
Vestfold og Telemark1 5005 4473 6311 4115 1803 671892673 001
Agder1 2634 0213 1841 2163 9333 23547881 871
Rogaland2 0837 4603 5822 0737 4393 58810222 180
Vestland2 3989 2013 8372 3469 0403 853521613 103
Møre og Romsdal9623 0253 1459513 0003 15411262 345
Trøndelag - Trööndelage1 6006 3093 9431 5536 0953 924472154 568
Nordland8282 5053 0267742 3693 061541362 520
Troms og Finnmark - Romsa ja Finnmárku7652 6723 4936622 4113 6421032622 540

Table 2 
Free market sales of property owned through a housing coopertive. Number, purchase price and joint debt. Preliminary figures

Free market sales of property owned through a housing coopertive. Number, purchase price and joint debt. Preliminary figures
Transfers, totalTotal purchase price (NOK million)Purchase price per transfer (NOK 1 000)Joint debt in total (NOK million)1Joint debt per transfer (NOK 1 000)Total purchase price per transfer included joint debt (NOK 1 000)
1Figures on joint debt are based on information on sellers joint debt in the housing cooperative at the end of the year before the sale took place. If figures on joint debt are missing, it is estimated.
1st quarter 2021
The whole country6 92819 7892 8562 6163783 234
Viken1 4063 6712 6114683332 944
Oslo2 1689 1344 2136763124 525
Innlandet2485902 380863452 725
Vestfold og Telemark6771 2021 7752964372 212
Agder1903181 676743872 063
Rogaland3567492 1031785002 603
Vestland6861 6252 3692233252 694
Møre og Romsdal1582421 531664181 949
Trøndelag - Trööndelage6121 3452 1972894732 670
Nordland2404661 9421395812 523
Troms og Finnmark - Romsa ja Finnmárku1874472 3901226503 040
Unknown000000

Table 3 
Transfers of holiday properties with building, free market sale. Preliminary figures

Transfers of holiday properties with building, free market sale. Preliminary figures
1st quarter 2021
Transfers, totalTotal purchase price (NOK million)Purchase price per transfer (NOK 1 000)Transfers of titleTotal purchase price, transfer of title (NOK million)Purchase price per transfer of title (NOK 1 000)Transfers of leasesTotal purchase price on transfer of lease (NOK million)Purchase price, transfer of lease (NOK 1 000)
The whole country3 6318 2452 2712 9036 7072 3107281 5382 113
 
Oslo and Viken8612 3002 6717001 9502 7851613502 175
Innlandet8882 2832 5716681 6252 4332206582 991
Vestfold og Telemark3971 0122 5503369102 708611021 676
Agder4009152 2872967072 3891042081 998
Rogaland1142271 995781642 09936641 771
Vestland3186402 0143056182 02513231 760
Møre og Romsdal1181541 3021121471 314661 078
Trøndelag - Trööndelage3284721 4402634041 53565691 056
Nordland1031201 16177991 2862620788
Troms og Finnmark - Romsa ja Finnmárku1041211 16768841 23236381 045

Table 4 
Registered transfers of real property

Registered transfers of real property
TransfersNotified amount (NOK million)
1st quarter 202111st quarter 20211
1Preliminary figures.
The whole country47 239125 317
Viken11 14837 573
Oslo3 54822 516
Innlandet4 7047 559
Vestfold og Telemark3 8098 791
Agder3 3686 505
Rogaland3 7739 752
Vestland5 42712 347
Møre og Romsdal2 4294 198
Trøndelag - Trööndelage4 1538 992
Nordland2 5553 674
Troms og Finnmark - Romsa ja Finnmárku2 3253 411

Table 5 
Registered transfers of real property, by type of property

Registered transfers of real property, by type of property
1st quarter 20181st quarter 20191st quarter 20201st quarter 20211
1Preliminary figures.
All properties38 31942 74141 74247 239
Dwelling property total26 90829 79629 23031 846
Dwelling property with building25 39928 24027 87530 382
Dwelling property without building1 5091 5561 3551 464
Holiday property total5 9556 5866 7189 053
Holiday property with buildingl4 7335 3145 6497 306
Holiday property without building1 2221 2721 0691 747
Agricultural/forestry property total1 8192 0351 7741 947
Agricultural/forestry property with building1 4871 6321 4281 615
Agricultural/forestry property without building332403346332
Commercial/office property total8399041 024871
Commercial/office property with building696833975831
Commercial/office property without building143714940
Industrial property total552680672743
Industrial property with building392541556588
Industrial property without building160139116155
Communication purposes11818189129
Other1 9572 3722 0712 248
Not specified171187164402

About the statistics

The statistics comprise the number and value of registered transfers of real property and registered transfers of property owned through a housing cooperative. For dwellings and holiday homes sold on the free market, both total and average purchase prices are published.

Definitions

Definitions of the main concepts and variables

Registered amount

Registered amount comprises mainly purchase prices. If the transfer is free of charge, the value of the property stated on the deed of conveyance is used.

Average purchase price per transfer

An average purchase price is calculated for the following types of properties and transfers:

  • Dwelling property with building, title to land, free market sale and purchase price reported.
  • Holiday property with building, title to land, free market sale and purchase price reported.
  • Holiday home on leased site, free market sale and purchase price reported.
  • Dwelling owned through a housing cooperative.

Transfer

A transfer does not only comprise ordinary sale, but also donation, compulsory sale and eminent domain, licensed decedent estate, inheritance of decedent estate and other. A transfer can also comprise one or several cadastral units. For properties with more than one owner, a transfer can also be a part of a property.

Free market sale

Free market sale means that the property is sold for a price corresponding to the market value. The property is not always announced for sale on the free market.

Standard classifications

Type of building

Type of property

Type of transfer

Administrative information

Name and topic

Name: Transfer of properties
Topic: Construction, housing and property

Next release

Responsible division

Division for Housing, Property, Spatial and Agricultural Statistics

Regional level

The statistics are published at county and municipality level.

Frequency and timeliness

The statistics are published quarterly. Preliminary figures are published about 6 weeks after end of quarter. Usually, final figures are available about 32 weeks after end of quarter. The difference between preliminary and final figures is under 1 per cent.

The statistics are based on the date of registration. This date can be several weeks or months later than the date of sale. Data from finn.no from 2016 show that dwelling properties in average are sold 2-3 mounths before the date of registration.

International reporting

Not relevant

Microdata

Microdata are stored in Statistics Norway.

Background

Background and purpose

The aim is to provide statistics on the extent of transfers of real property in Norway. The statistics have comprised the present level of details since 1991. With fewer details the statistics go back to 1836. However, statistics are lacking for the years 1981-1983.

As from 2017 registered transfers of property owned through a housing cooperative are included.

Users and applications

Users are public institutions, estate agents, media and people in general.

Equal treatment of users

No external users have access to the statistics and analyses before they are published and accessible simultaneously for all users on ssb.no at 8 am. Prior to this, a minimum of three months' advance notice is given in the Statistics Release Calendar. Read more about principles for equal treatement of all users on ssb.no.

Coherence with other statistics

Since 1991 Statistics Norway has worked out the quarterly House Price Index , which provides current price statistics for the housing market.

Statistics Norway also works out statistics on registered transfers of agricultural properties . This statistics are based on the properties defined as agricultural properties in the farm register owned by Norwegian Agriculture Agency.

Legal authority

The Statistics Act §§ 2-1, 3-2.

EEA reference

Not relevant

Production

Population

The statistics comprise all registered transfer of real property (and from 2017 registered transfer of property owned through a housing cooperative) and not only real sales. In addition to sales on the free market, the statistics also include donations, forced sales, expropriations, licensed decent estates, inheritance of decent estate and other registered transfers of title. The statistics include three types of real property: parcels, leases and sections of buildings registered as freehold.

Transfer of real property may occur without registration, but this is very uncommon.

A few transfers include more than one dwelling property unit or holiday property unit.

Data sources and sampling

The statistics are based on data from two governmental administrative registers: the Register of Deeds ("Grunnboka") and the Norwegian Cadastre system (real properties, addresses, buildings and cadastral map). The Norwegian Mapping Authority has been managing the latter register for many years and has in the period 2004-2007 gradually taken over the management of the Register of Deeds from the local courts.

The statistics comprise all registered transfers of real property.

Collection of data, editing and estimations

Data from the registers mentioned in chapter 3.2 are forwarded via file transfer and API to Statistics Norway.

The data are subject to computerized controls to detect lacks, errors, extreme values and lack of coherence. Data are corrected by means of additional information from the Register of Real Properties, Addresses and Buildings.

Mainly, the statistics comprise counting of transfers by various characteristics, e.g. type of property, type of transfer, with/without building and type of dwelling. Registered amount in NOK is also added up.

Registered amount is estimated as follows:

If the purchase price is above NOK 1, the registered amount is based on the purchase price. If the purchase price is NOK 1 or less, the registered amount is based on the value of the property stated on the deed of conveyance.

As from 2017 registered transfer of property owned through a housing cooperative is included. Data on share of common debt in the cooperatve come from tax statistics for persons. If data on debt is missing, an average value is used.

 

Seasonal adjustment

Not relevant

Confidentiality

Figures based on less than three units (transfers) are not published if this causes risk for identifying any of the units concerned. Furthermore, figures are not published if more than 90 per cent of the registered amount originates from a single unit.

Comparability over time and space

Statistics on transfers of real property exist as a continuous time series from 1836 to 1980. The statistics show the number of transfers and the registered amount, distributed on urban and rural areas. In addition, as from 1852 to 1980 a time series is available on average price per unit of assessed site value for agricultural properties sold on the free market.

Up to and including 1980, the statistics were based on aggregated data forwarded directly from local courts to Statistics Norway. The Register of Real Properties, Addresses and Buildings was established around 1980. The intension was to use this register as base for the statistics as from 1981. However, at that time data from several municipalities were lacking and the data quality for municipalities included was partially poor. Due to this, statistics are lacking for the years 1981-1983. As from 1984 statistics are published again, but for some years data were still of rather poor quality. Statistics at present level of details are published as from 1991.

Before 2006, the statistics were published in this way: 1st quarter, 1st half year, 1.-3. quarter and the whole year. As from 2006, the statistis are published quarterly.

Average price per transfer is published for transfers of dwelling properties with building and holiday properties with building. Properties without purchase price reported are not included. Dwelling property refers to detached houses, semi-detached houses, row-houses, flats in multi dwelling houses etc. Percentage of different dwelling types varies over time. For holiday properties a few transfers may include more than one holiday property unit. Due to these circumstances, the average value do not describe the price trend for a specific type of dwelling or holiday property, particularly not when the average figure is based on just a few transfers. Therefore, average prices are not published for a lower level than county.

Accuracy and reliability

Sources of error and uncertainty

The statistics are based mainly on information reported in connection with registration of title to property and thus considered to be reliable. Misclassification of type of property and type of dwelling may occur.

In the period 2004-2007 the number of registered transfers classified as other type of property and other type of dwelling has increased. Registered transfers not specified have also increased. During the control routine we are not able to replace all of the transfers with the correct classification.

Errors originate from data processing in Statistics Norway are considered to be insignificant.

There are formal procedures to be followed when registering a real property. Consequently, non-response does not exist. Delay in the updating of the relevant registers may cause minor lacks in the preliminary statistics.

As from 2017 registered transfer of property owned through a housing cooperative is included. Data on the share of common debt in the cooperatve come from tax statistics for persons. If data on debt is missing, an average value is used.

Revision

The figures for dwelling and holiday properties in free sale for the years 2015-2020 have been changed. This is because several dwellings and a small number of holiday properties have by mistake been changed from the free sale to donation. These have now been changed back to free sale.

By linking information about the buyers and sellers involved in the sales with information from the National Population Register, we have been able to determine if any of the buyers are family members of the sellers. Up to three sellers and two buyers from each sale were included in the assessment of whether the buyer is related to the seller.

The following relatives are included in the test:

  • Spouse
  • Parents
  • Children
  • Siblings
  • Grandparents
  • Aunts/uncles

 Sales that are declared as free market sales should be placed in the ‘other’ category if the price is lower than the market price. The guidelines for the statistics have not included any criteria for inclusion as a free market sale in terms of how the dwelling is sold or who buys the property. The only requirement has been for it to be sold at market price. This is often difficult to assess.

We have therefore examined how house sales to family members that are categorised as free market sales differ from the rest of the sales. We have only included sales with title transfers here. The average purchase price for dwellings sold to family members was significantly lower than the average for all free market sales. The low purchase price suggests that many of these dwellings were sold at a reduced price. Sales that are declared as free market sales have been placed in the ‘other category from 2015 if the buyer is related to the seller.