Home ownership stronger than ever in Norway

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Only 16 percent of all adults living in Norway rent their homes, according to new numbers from state statistics burean SSB (Statistics Norway). The vast majority own their homes, albeit with often rather large mortgages.

SSB reported this week that three out of five Norwegians live in single family detached homes that they own, with many more living in their own condominiums or rowhouses.

Of those renting, most reported in a survey conducted by SSB that it was “only temporary,” either as a stepping stone towards a home purchase or as a  solution while being “between homes.”

SSB’s analysis also found that renters’ homes on average were smaller than the homes owned in Norway, with nearly 80 percent of renters complaining that their residence was too small.

newsinenglish.no staff