Residential Property Prices for Norway
QNON628BIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
197.32
Year-over-Year Change
7.71%
Date Range
1/1/1970 - 1/1/2025
Summary
The Residential Property Prices for Norway index measures the changes in house prices across the country. It is a key indicator of housing market conditions and consumer wealth.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This quarterly index tracks the inflation-adjusted prices of existing and newly constructed residential properties in Norway. It is used by policymakers, analysts, and investors to assess housing market trends and their impact on the broader economy.
Methodology
The data is collected by the Bank for International Settlements (BIS) through national statistical agencies.
Historical Context
The index informs decisions around monetary, fiscal, and housing policies.
Key Facts
- Norway's residential property prices have risen over 50% in the last decade.
- High housing costs have contributed to rising household debt levels in Norway.
- Fluctuations in the property market can significantly impact the Norwegian economy.
FAQs
Q: What does this economic trend measure?
A: The Residential Property Prices for Norway index tracks changes in the inflation-adjusted prices of existing and newly constructed residential properties across the country.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of housing market conditions and consumer wealth in Norway, informing decisions around monetary, fiscal, and housing policies.
Q: How is this data collected or calculated?
A: The data is collected by the Bank for International Settlements (BIS) through national statistical agencies.
Q: How is this trend used in economic policy?
A: Fluctuations in the Norwegian property market can significantly impact the broader economy, making this index relevant for policymakers, analysts, and investors.
Q: Are there update delays or limitations?
A: The index is published quarterly, with a potential delay of several months in the most recent data.
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Citation
U.S. Federal Reserve, Residential Property Prices for Norway (QNON628BIS), retrieved from FRED.