High housing prices spread outside Oslo

Oslo’s housing affordability problem is now spilling over into the entire metropolitan area. Even though Oslo’s record high prices have declined slightly in recent months, June sales still boosted them by just over 10 percent compared to June of last year, and the situation is similar from Drammen to Moss, Fredrikstad and Sarpsborg.  “I was […]

Housing prices finally level off

After many months of ever-rising housing prices, they finally leveled off in April, rising a relatively modest 0.2 percent from March. The year-to-year figures, however, still showed an increase of 12.2 percent. That worries economists and not least the International Monetary Fund, which warned Norwegian officials last month to put the brakes on home lending. […]

Housing market may see a ‘correction’

Residential real estate prices are still up 12.5 percent over last year at this time, and a stunning 15.6 percent in Oslo, according to sales prices logged in March. The Oslo market, however, recorded a 0.8 percent decline from February and now housing experts are predicting a “correction” heading into the summer season. New numbers […]

Housing sales and prices set records

Even in the midst of the Corona crisis, or perhaps because of it, Norwegians bought and sold homes at levels that set new records for both prices and sales volume last year. Never before have so many residences changed hands, even in the usually quiet month of December. Year-end figures from the national real estate […]

Authority wants to limit borrowing

Norway’s financial authority (Finanstilsynet) wants to tighten lending requirements, part of an effort to curb the country’s ever-rising debt levels. It’s proposing a lower limit on how much private individuals can borrow, and tightening lenders’ latitude for making exceptions. With interest rates historically low, based on the central bank’s key policy rate of 0.0 percent, it’s […]

Housing prices jump again

Even in the midst of the Corona crisis, Oslo’s residential real estate market remains as hot as ever. Prices nationwide rose an average 1.1 percent from July to August, and 4.3 percent year-on-year, while some in the capital seem to go through the roof. They included the NOK 169,000 per square meter paid for a […]

Oslo still leads housing price increase

Housing prices rose higher last month than they have for many years, as Norway’s booming real estate market extended even into the usually slow summer holiday season. The Corona crisis still hasn’t lowered prices either, and they’re highest of all in the nation’s capital. Prices averaged NOK 78,433 (USD 8,700) per square meter in Oslo […]

Rental rates soar in Oslo

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 […]

The noisy downside of waterfront living

More conflicts have erupted in Oslo this summer between those who’ve paid a fortune for new homes on the fjord and members of the general public, who have a right to waterfront access. That right is often exercised in the form of noisy outdoor summer parties that extend long into night, and right outside homeowners’ […]

Housing prices expected to soar

A Norwegian researcher specializing in the housing market thinks Norway may see the strongest price growth since 2017. It’s already been holding up well during the Corona crisis and demand is now predicted to outpace supply. Homebuilding came to an abrupt halt when the crisis first hit Norway last winter, and closed borders disrupted the […]