Norwegians Europe’s biggest home improvement spenders / News / The Foreigner

Norwegians Europe’s biggest home improvement spenders. Nobody else in Europe uses as much money on doing up their abodes, statistics show. Norwegians lay out NOK 14,190 per person (about EUR 1,470 at today’s ROE), on average. This equates to approximately NOK 420,000 (almost EUR 44,000) on a national level - the average per person in six Norway regions: Northern, Mid, Western, Southern, Oslo, and Inland, which comes to some NOK 70bn in total. Finns and Danes rank second and third, spending NOK 12,796 and NOK 11,369 each, respectively (some EUR 1,300 and 1,175).

interiors, homes, diy, paywall



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Norwegians Europe’s biggest home improvement spenders

Published on Friday, 12th February, 2016 at 14:25 under the news category, by Michael Sandelson   .
Last Updated on 17th February 2016 at 14:13.

Nobody else in Europe uses as much money on doing up their abodes, statistics show.

A modern kitchen
A modern kitchen
Photo: Böhringer/Wikimedia Commons


Norwegians lay out NOK 14,190 per person (about EUR 1,470 at today’s ROE), on average. This equates to approximately NOK 420,000 (almost EUR 44,000) on a national level - the average per person in six Norway regions: Northern, Mid, Western, Southern, Oslo, and Inland, which comes to some NOK 70bn in total.

Finns and Danes rank second and third, spending NOK 12,796 and NOK 11,369 each, respectively (some EUR 1,300 and 1,175).

The amount per Swede is NOK 7,636 (roughly EUR 790), according to figures provided by Oslo-based construction market analysis company Prognosesenteret.

Inhabitants of Hungary, Poland, and Slovakia spend the least amount per capita. In descending order, the figures are NOK 968, 853, and 685, respectively (about EUR 100, 88, and 71).

Prognosesenteret provided spending data on 19 European countries, with the Euro Area average being NOK 7,524 (roughly EUR 778).

“Constant work-in-progress”

The company’s Bjørn-Erik Øye says that the Norwegians who are most eager to improve their homes undertake this initiative “every 1.5 years”, on average, painting “something.”

“But we often define Norwegian home improvements as being a “continuous project”:  either just finished, or in the pipeline,” he tells The Foreigner.

Top of the list of common home improvement targets are living rooms followed by kitchens and bedrooms.

Norway’s weather also means that the population spends more time indoors than their other European counterparts do.

“At the other end of the scale, we find outdoor work, with the lowest frequency regarding roofing,” says Mr Øye.

More than eight in ten own their homes in Norway, with 60 per cent of the housing stock being large detached family houses.

But while everyone is responsible for preserving the quality of their properties, only 80 per cent of the Norwegian population reports that they are involved on the DIY (Do It Yourself) front – either claiming or doing. Prosperous economic conditions have made their mark.

“It’s dropped from being 90 per cent five or ten years ago,” Mr Øye explains.

Home comforts

Norwegians are also famed for having ‘koselig’ (‘cosy’, translated literally) homes, with women leading in relaxation time.

Norway may have now entered a new economic reality with a slump in oil prices and weaker NOK exchange rates, but these factors did not affect purchases of more expensive items such as consumer electronics and furniture.

2015’s sales of household electrical items resulted in a record turnover for that year. Statistics from the Consumer Electronics Trade Foundation show a 6.6 per cent turnover rise year-on-year, with 2015’s year-end figure being NOK 32.9bn (over EUR 3.39bn).

The value of sales of white goods and small consumer electronics rose by 9.5 per cent in 2015, from NOK 9.7bn to 10.7bn (about EUR 1bn-1.1bn) – 2015 was not a good year for TV of coffee machine sales, which were down 10 and 20 per cent, respectively, year-on-year.

Moreover, Norwegians bought more things to soothe both body and soul last year.

“2015’s sales of furniture and interior products were up some 6 to 7% (about NOK 1bn) on 2014’s, which was between NOK 28 and 29bn (some EUR 2.9-3bn) ,” remarks Egil Sundet, head of branch organisation Norsk Industri’s furniture and interiors division.



Published on Friday, 12th February, 2016 at 14:25 under the news category, by Michael Sandelson   .
Last updated on 17th February 2016 at 14:13.

This post has the following tags: interiors, homes, diy, paywall.





  
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