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Norwegian houses outpace property hike

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Norwegian houses outpace property hike
Property advertisements in Norway. File photo: Jarl Fr. Erichsen/Scanpix
11:30 CEST+02:00
Detached houses in Norway have become increasingly popular, outpacing the average property price increase by more than a percentage point.

Norwegian property rose 2.6 percent in the first and second quarter of 2013, according to new figures released on Tuesday from Statistics Norway. Detached houses, however, increased in value by as much as 3.8 percent.

The price of property went up the most in the town of Bergen, with the average price increase across the property market 9.8 percent in the first half of the year. Cities Trondheim, Oslo and Stavanger also saw significant increases. 

On average, property prices have gone up by 5.4 percent since the same period last year. 



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