Farm properties more expensive

The price of farm properties on the open market last year increased by 12 per cent, according to fresh figures from Statistics Norway (SSB).

This means that the price hike on farm properties is higher than the price increase on private homes, which was 8.5 per cent in the same period.

Over the past ten years, the average price on farm property has increased by more than 140 per cent. In the same period, the prices on private homes have increased by 113 per cent, according to the Norwegian Realtor Association.

(NRK)

Friday, 28 October 2011 07:20

Written by Rolleiv Solholm

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