Housing Index in Norway increased to 356.06 points in February from 350.30 points in January of 2025. This dataset provides the latest reported value for - Norway House Price Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The house prices of all house types in Norway increased steadily between 2009 and 2022, followed by a slight decline in 2023. Unlike houses, prices for multi-dwellings did not fall in 2023. Multi-dwelling were also the property type that experienced the strongest growth. At 148.3 index points, the index for multi-dwelling properties suggests an increase of 48 percent since 2015 - the baseline year. How much did Norwegians pay for dwellings in 2021? Oslo appeared to be the most expensive city by dwelling prices that year, followed by Tromsø and Bergen.  Number of residential buildings The number of residential buildings in Norway constantly increased during the past decade, peaking in 2023. There were nearly 1.6 million residences in the country. That was an increase of over 100 thousand units, compared to 2010. More than half of Norwegians lived in detached houses The share of residents by housing type was distributed unevenly in Norway in 2023. Approximately 55 percent of Norwegian citizens lived in detached houses, whereas 20 percent lived in multi-dwelling buildings. The least common housing type was houses with two dwellings that year.

Graph and download economic data for Real Residential Property Prices for Norway (QNOR628BIS) from Q1 1970 to Q3 2024 about Norway, residential, HPI, housing, real, price index, indexes, and price.

The house price index in Norway has increased since the first quarter of 2016, when it was at 102.86 index points. It had reached 149.75 index points in the first quarter of 2024.

House Price Index MoM in Norway decreased to 0.90 percent in February from 1.40 percent in January of 2025. This dataset includes a chart with historical data for Norway House Price Index MoM.

Norway House Price Index: Trondheim data was reported at 198.700 2005=100 in Dec 2016. This records a decrease from the previous number of 199.600 2005=100 for Sep 2016. Norway House Price Index: Trondheim data is updated quarterly, averaging 0.000 2005=100 from Mar 1992 (Median) to Dec 2016, with 100 observations. The data reached an all-time high of 199.600 2005=100 in Sep 2016 and a record low of 0.000 2005=100 in Dec 2004. Norway House Price Index: Trondheim data remains active status in CEIC and is reported by Statistics Norway. The data is categorized under Global Database’s Norway – Table NO.EB006: House Price Index: 2005=100. Rebased from 2005=100 to 2015=100 Replacement series ID: 386601687

Norway House Price Index: HO: SB: Houses data was reported at 170.600 2000=100 in Dec 2008. This records a decrease from the previous number of 183.300 2000=100 for Sep 2008. Norway House Price Index: HO: SB: Houses data is updated quarterly, averaging 94.300 2000=100 from Mar 1991 (Median) to Dec 2008, with 72 observations. The data reached an all-time high of 197.700 2000=100 in Jun 2007 and a record low of 46.100 2000=100 in Dec 1992. Norway House Price Index: HO: SB: Houses data remains active status in CEIC and is reported by Statistics Norway. The data is categorized under Global Database’s Norway – Table NO.EB008: House Price Index: 2000=100.

The nominal housing price index in Norway increased between January 2015 and October 2022. As of October 2022, the nominal housing price index was 317.9 index points, which was the highest value observed.

The house price index of Norway decreased sharply in the second half of 2021 and 2022, after rising in the previous year. In the first quarter of 2023, house prices decreased nominally for the first time since 2017. When accounting for inflation, the decrease was about 6.6 percent.

Norway House Price Index: Stavanger, Bergen Og Trondheim: Multi Dwelling data was reported at 195.000 2000=100 in Dec 2008. This records a decrease from the previous number of 210.500 2000=100 for Sep 2008. Norway House Price Index: Stavanger, Bergen Og Trondheim: Multi Dwelling data is updated quarterly, averaging 99.900 2000=100 from Mar 1992 (Median) to Dec 2008, with 68 observations. The data reached an all-time high of 231.100 2000=100 in Mar 2007 and a record low of 38.100 2000=100 in Mar 1993. Norway House Price Index: Stavanger, Bergen Og Trondheim: Multi Dwelling data remains active status in CEIC and is reported by Statistics Norway. The data is categorized under Global Database’s Norway – Table NO.EB008: House Price Index: 2000=100.

The house price ratio in Norway fluctuated between 2012 and 2024. The ratio measures the development of housing affordability and is calculated by dividing nominal house price by nominal disposable income per head, with 2015 set as a base year when the index amounted to 100. Norway's index score in the first quarter of 2024 amounted to 110, which means that house price growth had outpaced income growth by 10 percent since 2015. This was lower than the average house price to income ratio in the Euro area 16.

El Índice de Precios de Viviendas interanual en Noruega aumentó a 7.30 por ciento en enero desde el 6.40 por ciento en diciembre de 2024. Los valores actuales, los datos históricos, las previsiones, estadísticas, gráficas y calendario económico - Noruega - Índice de precios de vivienda (Anual).

The price of new Norwegian detached houses increased constantly, reaching about 42.5 thousand Norwegian kroner in 2022. Over the period from 2009 to 2022, the average price per square meter of new detached houses increased a lot. The tendency for used detached houses over the evaluated period was similar and the price per square meter increased every year.  How many buildings are there in Oslo? More and more residential buildings had been built in Oslo over the past decade. 67.4 thousand buildings were reported in 2009, whereas the corresponding figure in 2019 was approximately 72.1 thousand existing residences in the Norwegian capital.  Prices of different dwellings The prices of all types of dwellings increased from 2009 to 2020 in Norway. While detached houses seemed to be the most expensive dwelling type from 2009 to 2011, the figures had changed by 2020 and prices for multi-dwellings had the highest index in the country.

Norway House Price Index: Oslo and Baerum data was reported at 234.700 2005=100 in Dec 2016. This records an increase from the previous number of 228.900 2005=100 for Sep 2016. Norway House Price Index: Oslo and Baerum data is updated quarterly, averaging 91.850 2005=100 from Mar 1992 (Median) to Dec 2016, with 100 observations. The data reached an all-time high of 234.700 2005=100 in Dec 2016 and a record low of 24.400 2005=100 in Mar 1993. Norway House Price Index: Oslo and Baerum data remains active status in CEIC and is reported by Statistics Norway. The data is categorized under Global Database’s Norway – Table NO.EB006: House Price Index: 2005=100. Rebased from 2005=100 to 2015=100 Replacement series ID: 386601567

The average transaction price of new housing in Europe was the highest in Norway, whereas existing homes were the most expensive in Austria. Since there is no central body that collects and tracks transaction activity or house prices across the whole continent or the European Union, not all countries are included. To compile the ranking, the source weighed the transaction prices of residential properties in the most important cities in each country based on data from their national offices. For example, in Germany, the cities included were Munich, Hamburg, Frankfurt, and Berlin. House prices have been soaring, with Sweden topping the ranking Considering the RHPI of houses in Europe (the price index in real terms, which measures price changes of single-family properties adjusted for the impact of inflation), however, the picture changes. Sweden, Luxembourg and Norway top this ranking, meaning residential property prices have surged the most in these countries. Real values were calculated using the so-called Personal Consumption Expenditure Deflator (PCE), This PCE uses both consumer prices as well as consumer expenditures, like medical and health care expenses paid by employers. It is meant to show how expensive housing is compared to the way of living in a country. Home ownership highest in Eastern Europe The home ownership rate in Europe varied from country to country. In 2020, roughly half of all homes in Germany were owner-occupied whereas home ownership was at nearly 97 percent in Romania or around 90 percent in Slovakia and Lithuania. These numbers were considerably higher than in France or Italy, where homeowners made up 65 percent and 72 percent of their respective populations.For more information on the topic of property in Europe, visit the following pages as a starting point for your research: real estate investments in Europe and residential real estate in Europe.

This statistic shows the consumer price index (CPI) of major household appliances in Norway as an annual average from 2009 to 2024. In 2024, the average CPI of major household appliances in Norway was measured at 133.3, where the year 2015 equals 100.

Graph and download economic data for Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Actual Rentals for Housing for Norway (NORCP040100GYQ) from Q1 1980 to Q4 2024 about water, Norway, fuels, electricity, rent, gas, CPI, price index, indexes, and price.

Graph and download economic data for Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Actual Rentals for Housing for Norway (NORCP040100GYM) from Jan 1980 to Feb 2025 about water, Norway, fuels, electricity, rent, gas, CPI, price index, indexes, and price.

Norway House Price Index: Adger and Rogaland data was reported at 183.400 2005=100 in Dec 2016. This records a decrease from the previous number of 186.100 2005=100 for Sep 2016. Norway House Price Index: Adger and Rogaland data is updated quarterly, averaging 0.000 2005=100 from Mar 1992 (Median) to Dec 2016, with 100 observations. The data reached an all-time high of 191.700 2005=100 in Jun 2013 and a record low of 0.000 2005=100 in Dec 2004. Norway House Price Index: Adger and Rogaland data remains active status in CEIC and is reported by Statistics Norway. The data is categorized under Global Database’s Norway – Table NO.EB006: House Price Index: 2005=100. Rebased from 2005=100 to 2015=100 Replacement series ID: 386601847

In 2024, Poland, Bulgaria, and Russia exhibited the highest inflation-adjusted increase in house prices among the countries under observation. In the first quarter of the year, house prices in all three countries grew by over 10 percent in real terms, whereas globally, prices declined by one percent. The country with the highest price drop was Luxembourg, at almost 14 percent. France and Germany also experienced a notable decline in prices, at seven and eight percent, respectively. These figures are based on the development of the real house price index, with 2010 chosen as a baseline year. When looking at the long-term index development, Turkey observed the biggest increase in prices in the region. When looking at the average house price in the major European markets, Norway emerged as the country with the most expensive residential property. Meanwhile, cities such as Geneva, Zurich, and London had the highest average apartment prices.