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Property Prices in Norway: House Price Index - Existing Dwellings (2015=100)

Norway

Source: Statistics Norway

House prices in Norway, % change 1 yr

Nominal and inflation-adjusted ('real')

Norway

Quarterly change in house prices, inflation-adjusted

 Q1Q2Q3Q4
20231.2%1.6%-3.28%-4.5%
20223.9%1.55%-3.99%-5.01%
20214.27%4.33%-1.76%-3.04%
20202.14%2.62%0.62%0.27%
20192.36%2.24%-1.12%-2.44%
20181.25%2.75%-2.24%-2.7%
20173.75%0.39%-2.64%-1.98%
20162.75%2.91%0.98%-0.44%
20153.37%2.29%-0.76%-2.82%
20141.96%3.1%-0.47%-0.89%
20132.46%1.81%-2.23%-3.18%
20123.06%3.03%1.28%-1.82%
20114.63%2.06%1.05%-0.8%
20101.86%3.16%0.2%-1.1%
20094.25%4.22%1.83%-0.55%
20081.28%1%-4.58%-7.9%
20077.37%3.22%-0.02%-4.22%
20065.98%3.65%3.19%0.42%
20054.18%1.69%0.7%-0.61%
20047.16%1.02%0.24%0.64%
2003-0.59%2.37%0.19%0.8%
20022.69%2.97%-3.15%-1.84%
20011.97%3.12%1.03%-0.61%
20004.85%5.88%-3.19%-0.92%
19992.96%7.33%2.19%2.41%
19983.18%5.74%-1.18%-3.4%
19970.5%6.72%0.52%0.81%
19961.08%3.78%1.41%1.72%
1995-0.54%3.36%1.52%1.04%
19942.9%2.21%3.68%-0.87%
1993-4.59%4.08%3.75%2.88%
1992-0.57%0.27%-2.98%

This table shows the change in house prices during a single quarter, adjusted for inflation.

Adjusting house price rises (or declines) for inflation produces a more accurate picture of the change in value of housing than the usual nominal figures cited in the newspapers.