High price for remote ‘hytte’

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A fully renovated cabin on Norway’s mountain plateau of Hardanger, with no road access and a location that’s a half-hour hike from the nearest parking place, was sold earlier this month for a record price believed to be more than NOK 30 million (USD 5 million). The asking price was NOK 20 million.

The "hytte" is located on Norway's mountain plateau of Hardanger, a half-hour's hike from the nearest parking. Its remoteness only added to the price buyers were willing to pay. PHOTO: Eiendomsmegler1 Geilo as

The “hytte” is located on Norway’s mountain plateau of Hardanger, a half-hour’s hike from the nearest parking. Its remoteness only added to the price buyers were willing to pay. PHOTO: Eiendomsmegler1 Geilo as

The property is in the heart of Norway’s most prestigious hunting grounds and broker Christian Haatuft of real estate firm Eiendomsmegler1 Geilo AS, told newspaper Dagens Næringsliv (DN) that it attracted a long list of interested buyers, among them “many exciting names” from the country’s financial and business world.

Haatuft told DN he had been “muzzled” regarding both the name of the buyer and the price paid, but DN reported that “several independent sources” said the bidding for what the Norwegians call a hytte reached NOK 32.5 million.

The "hytte's" interior was recently renovated to a high standard. PHOTO: Eiendomsmegler1 Geilo as

The “hytte’s” interior was recently renovated to a high standard. PHOTO: Eiendomsmegler1 Geilo as

For that the buyer will gain ownership of the main building of 130 meters (1,300 square feet) and four smaller buildings including a fishing hut, with all of it lying above timberline and on the shore of a lake with fishing rights. The property also includes 22,000 mål (around 5,000 acres) of grouse-hunting terrain.

The hytte is also newly renovated with running water from a well and electricity from solar panels and a generator. It features a sauna, four bedrooms, a living room and fully equipped kitchen, with oak and tiled floors.

The property was once owned by the Norsk Hotelcompagnie but sold by a local family that had owned it since the 1930s. The high price was said to be a combination of the now-high standard for the property and how seldom if is that such a property goes on the market.

newsinenglish.no staff