Housing Index in Norway decreased to 354.42 points in July from 357.91 points in June 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 ***** index points, the index for multi-dwelling properties suggests an increase of ** 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 *** 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 ** percent of Norwegian citizens lived in detached houses, whereas ** percent lived in multi-dwelling buildings. The least common housing type was houses with two dwellings that year.

House Price Index YoY in Norway increased to 5.40 percent in July from 5.10 percent in June of 2025. This dataset includes a chart with historical data for Norway House Price Index YoY.

Graph and download economic data for Real Residential Property Prices for Norway (QNOR628BIS) from Q1 1970 to Q1 2025 about Norway, residential, HPI, housing, real, price index, indexes, and price.

House Price Index MoM in Norway decreased to 0.20 percent in July from 0.30 percent in June of 2025. This dataset includes a chart with historical data for Norway House Price Index MoM.

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.

Key information about House Prices Growth

• Norway house prices grew 4.8% YoY in Dec 2024, following an increase of 3.3% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Mar 1993 to Dec 2024, with an average growth rate of 7.0%.
• House price data reached an all-time high of 21.2% in Mar 2000 and a record low of -6.9% in Dec 2008.

Norway House Price Index: HO: Oslo and Baerum: Houses data was reported at 157.200 2000=100 in Dec 2008. This records a decrease from the previous number of 168.200 2000=100 for Sep 2008. Norway House Price Index: HO: Oslo and Baerum: Houses data is updated quarterly, averaging 93.250 2000=100 from Mar 1991 (Median) to Dec 2008, with 72 observations. The data reached an all-time high of 178.600 2000=100 in Jun 2007 and a record low of 33.300 2000=100 in Mar 1993. Norway House Price Index: HO: Oslo and Baerum: 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.

House price index in Norway, March, 2025 The most recent value is 197.32 index points as of Q1 2025, an increase compared to the previous value of 186.99 index points. Historically, the average for Norway from Q1 1990 to Q1 2025 is 92.69 index points. The minimum of 23.28 index points was recorded in Q1 1993, while the maximum of 197.32 index points was reached in Q1 2025. | TheGlobalEconomy.com

Average House Prices in Norway decreased to 4269904 NOK in July from 4943130 NOK in June of 2025. This dataset includes a chart with historical data for Norway Average House Prices.

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

Graph and download economic data for Consumer Price Index: OECD Groups: Housing: Total for Norway (NORCPGRHO01GPM) from Feb 1979 to Dec 2023 about Norway, CPI, price index, indexes, and price.

Norway House Price Index: HO: Rest of the Country: Houses data was reported at 163.400 2000=100 in Dec 2008. This records a decrease from the previous number of 177.600 2000=100 for Sep 2008. Norway House Price Index: HO: Rest of the Country: Houses data is updated quarterly, averaging 94.000 2000=100 from Mar 1991 (Median) to Dec 2008, with 72 observations. The data reached an all-time high of 184.600 2000=100 in Mar 2008 and a record low of 50.200 2000=100 in Mar 1993. Norway House Price Index: HO: Rest of the Country: 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.

Graph and download economic data for Consumer Price Index: Housing for Norway (NORCPIHOUAINMEI) from 1979 to 2017 about Norway, CPI, housing, price index, indexes, and price.

Technical information The house price index measures the price evolution of real estate prices on the market of private property. The index follows price changes of new or existing residential real estate purchased by households, irrespective of their purpose (letting or owner-occupying). Only market prices are taken into account. Houses built by their owners are therefore not included. The price of the building plot is included in the house price. The house price index is based on real estate transaction data from the General Administration of the Patrimonial Documentation of the FPS Finances. The prices used are those included in the deeds of sale. Given the time between the date on which the preliminary sales agreement is signed and the date on which the deed is executed (between three and four months), this index measures the price evolution with a delay compared to the actual date on which the sales price is set. This delay is inherent to the data source. The house price index is calculated by the European Union Member States, Norway and Iceland. Eurostat calculates the index for the Euro area (as well as for the European Union as a whole) using the harmonised indices of the Member States. Given the role of the housing market in the economic and financial crisis of 2008, the house price index was included in the indicators used in the procedure for macroeconomic imbalances procedure of the European Union. The house price index is calculated under the European Regulation 2016/792 on harmonised indices of consumer prices and the house price index and 2023/1470 laying down the methodological and technical specifications as regards the house price index and the owner-occupied housing price index. Data are available from 2005 onward for Belgium as well as for the European Union and the majority of European countries. The house price index can be broken down by new houses and existing houses. The weights of these two items in the overall index are determined by the gross fixed capital formation in houses (for the new houses) and the total value of transactions of the previous year (for the existing houses). Until 2013, the house price index of new houses was roughly estimated based on the output price index in the construction sector. Since 2014, it is also based on real estate transaction data. House price index for existing houses is available per region since 2010. Therefore, data were completely reviewed for the publication of results in the 4th quarter of 2023 in 2024. Since the houses that are put up for sale differ from one quarter to another, the changes in characteristics are processed with hedonic regression models to eliminate price fluctuations due to changes in characteristics of the properties sold. These models aim to estimate the theoretical price based on the characteristics and location of the houses sold. This theoretical price is then compared to the actual price. Two indices are calculated, one with the actually observed transaction prices and the other with the prices estimated by the regression models. The final index is obtained by calculating the ratio of the index obtained with the actual transaction prices compared to the index obtained with the estimated prices. Therefore, the house price index may be evolving differently from the observed average prices.

Norway - Residential property price index, all dwellings, whole country

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 ***, which means that house price growth had outpaced income growth by ** percent since 2015. This was lower than the average house price to income ratio in the Euro area 16.

Norway Housing Price Index (HPI) y/y reflects a change in the average value of residential properties in the given month compared to the same month of the previous year. Information on residential

Graph and download economic data for Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Actual Rentals for Housing for Norway (NORCPHP0401GYM) from Jan 1997 to Mar 2025 about water, Norway, fuels, electricity, rent, and gas.

Graph and download economic data for Harmonized Index of Consumer Prices: Actual Rentals for Housing for Norway (CP0410NOM086NEST) from Jan 1996 to Jun 2025 about Norway, rent, harmonized, CPI, housing, price index, indexes, and price.