Square metre prices are therefore not comparable before and after the first quarter of 2002. Following the change in data collection in 2002, useful floor space is used. This means that the subindices are weighted together on a lower regional level than before.Ĭhange in floor space concept Until 2002, utility floor space was used to calculate square metre prices. ![]() Our Norway luxury real estate listings could most likely feature Luxury & exclusive homes, luxury apartments, penthouses, mansions, duplexes, sea facing luxury homes, lake facing homes, bungalows, lavish villas and many more. From 2009 the country is devided into more regions. Our mission is to showcase the most premium luxury real estate from across all cities & different locations of Norway. The change in 1997 implies that regions with relatively few sales are given a stronger weight and the change in 2002 implies that regions with high price levels are given a stronger weight. Finally, from 2002, each category's share of the value of the housing stock is used as a weight. From 1997 to 2002, each category's share of the total housing stock was used as a weight. From 1991 to 1997, the total number of sales in each category was used as a weight. New weighting The method for calculating weights has been changed twice since Statistics Norway started compiling the house price index in 1991. ![]() ![]() Information from the survey was combined with information collected from the Ground Property, Address and Building Register (GAB).The compilation method was the same, but the number of explanatory variables in the regression model was more comprehensive. A questionnaire was sent to all registered purchasers of second-hand freeholder dwellings. Changes in data collection Until the first quarter of 2002, the price index for second-hand dwellings was produced using a quarterly survey.
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