Norwegians fire up hot ‘hytte’ market

Norway’s autumn holidays ended over the weekend with more record sales of the traditional holiday home known as a “hytte.” That’s not to be confused with a “hut,” as large new developments in the hills and mountains resemble housing tracts with prices running as high as NOK 30 million (USD 3.6 million) or even more. […]

Fredriksen buys up Aker Brygge

Shipowner John Fredriksen, the Norwegian billionaire who now lives mostly in London, clearly wasn’t content to merely base his shipping operations in Oslo’s waterfront complex known as Aker Brygge. Now he’s bought up the company owning the entire complex, Norwegian Property, and more. Most of Fredriksen’s stocklisted shipping companies operate from Aker Brygge, including the […]

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 […]

NRK plans to move across town

Norway’s state broadcaster NRK will be moving from its iconic but crowded and outdated home of more than 70 years in Oslo’s Marienlyst neighbourhood. The country’s version of the BBC will relocate to a nearly four-acre site in the Ensjø district near Tøyen, where a new modern complex will house around two-thirds of the state-funded […]

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 […]

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 […]

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’ […]