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Friday, June 14, 2024

Yet another real estate price record in Oslo

A three-bedroom apartment in a relatively non-descript building from 1968, but located in Oslo’s post Gimle neighbourhood, has sold for NOK 40 million (USD 5.8 million), confirmed its real estate broker to newspaper Finansavisen on Thursday. The sale equated to a price of NOK 254,777 per square meter, making it the most expensive property in the entire Nordic area, not just Norway.

The top-floor apartment in the building located at Thomas Heftyes Gate 20 consists of just under 160 square meters (1,600 square feet), reported Finansavisen, and was described as being of “good,” if not top, standard. According to public real estate records, its current owner Christian Lorentzen had taken over the property in 1998 from Elisabeth Lorentzen, who had owned the apartment since it was new in 1968. The tax value assigned to the property in 1998 was just NOK 950,000, or about USD 135,000 at the time.

The apartment enjoys a highly fashionable location, however, has two parking spaces in the buildings’s garage and offers a sweeping view from its balcony over the Oslo Fjord and towards Bygdøy. It also was advertised as having three bathrooms in addition to its kitchen, dining room and living room.

The price shatters the previous record set for high-priced real estate in Oslo, when cruise-ferry owner Olav Nils Sundt paid nearly NOK 200,000 per square meter for a much larger apartment at the new Tjuvholmen waterfront complex. The identity of the Gimle buyer was not revealed. staff



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