Housing and rentals in the Norway – rent houses, apartments and other real estate properties at rentola.no (2024)

FAQs

How to find rental properties in Norway? ›

Use online resources like property websites, social media groups, and local newspapers to search for available housing. Websites like Finn.no and Hybel.no are popular for finding rental properties.

Average Rent in Norway

The minimum house rent in Norway can be 4,000 NOK (437 USD) for a room in a shared home to upwards of 45,000 NOK (4,914 USD) for a large house with a view. You will find that apartments tend to be more expensive in and around the city.

Living abroad doesn't necessarily mean owning a property abroad. In fact, renting is a terrific way to live in a lot of different places over time without the hassle of buying and selling real estate. It's also a great way to figure out where you want to own property, if owning property abroad is a consideration.

The Norway housing market is somewhat competitive. The median sale price of a home in Norway was $277K last. The median sale price per square foot in Norway is $204, up 209.8% since last year.…

We Are In a Housing Crisis

The housing market in Norway has witnessed a dramatic downturn so far in 2023, with a nearly 50% decrease in the commencement of new housing compared to the same period in 2022, according to the Home Builders' Association.

Norway is much more affordable

– The krone has probably stabilized at this level, although we will probably see some fluctuations. Norway is not going to be very expensive again for foreign countries, Knudsen predicts. Americans get about 23 percent more value for every dollar they spend than for just five years ago.

Anyone registered as a resident in Norway has a right to access the Norwegian state healthcare system. State healthcare in Norway is not completely free. Healthcare costs are covered by both the state and through patient contributions (user fees).

No Statutory minimum wage: While Norway does not have a statutory minimum wage, wages are calculated by way of negotiations between employers and labor unions, using collective bargaining.

What is true regarding month-to-month rentals? ›

A month-to-month rental agreement, also called a tenancy-at-will, has no end date. Instead, the lease automatically renews every month when the rent is paid. The landlord or tenant must give proper notice to terminate or change the terms of the tenancy.

Expert-Verified Answer

One of the biggest problems associated with renting a home is the money invested does not build wealth. The renter is not responsible for all maintenance costs.

Data drawn from an analysis of over 500,000 property listings reveals that Madagascar has the world's cheapest apartment rental. For house-hunters or 'staycationers', the lowest rental price in the country is 1500 Malagasy ariary – or about 60 US cents per month.

Renting has many benefits – flexibility and free movement, just to name a few. But which countries around the world rent the most? Switzerland takes the top spot, with 61% of the country opting to rent a property, closely followed by Germany at 54% and Denmark at 47%.

Which country has the highest rental yield? South Africa has the highest rental yield at 10.15% per annum, indicating a very good investment opportunity in the rental market. Among European countries, the United Kingdom also stands out with a strong performance, offering an average rental yield of 6.21% per annum.

Buying a property in Norway as a third-country citizen

It is possible to buy real estate in Norway even if you are not a citizen of this country. Foreigners are free to purchase houses and apartments in the country without any restrictions. If you have a residency in Norway, you can buy the house immediately.

The Norwegian rent control was removed in 1982.

The Norwegian Real Estate Brokers (Eiendomsmegler) commission fees that will be charged at closing the transaction are based on the rate you and your agent initially agreed upon when signing the contract with the real estate agent.