Rental rates soar in Oslo

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Residential rental rates continue to climb in Oslo, to a point that it’s increasingly difficult for renters lacking much capital to come up with the deposits required. 

A new survey conducted by an online platform for rentals, Husleie.no, showed that half of renters polled said it was “difficult” to meet deposit requirements, while fully 27 percent branded it as “impossible.” Deposits usually amount to three months’ rent up front, refundable at the end of the rental period minus charges for any damage to the apartment.

Average rental rates in Oslo rose 5 percent during the past year, and 11 percent just from May to June. Average monthly rental amounted to NOK 13,430 in June (nearly USD 1,500), based on newly signed rental contracts.

newsinenglish.no staff