Property Investment in Norway as a Foreigner

Foreigners can freely buy, lease and sell housing and commercial real estate in Norway.

Statistics confirm the liquidity of investments: every quarter of the price for residential real estate grows by an average of 1.2%. Five years ago, an apartment of 100 m² cost an average of €403,000, and today it is sold for €527,000.

€5,266

Average price per 1 m²

1,2%

Average price growth per quarter

2,5—5,6%

Associated costs, of the property value

How the residential property price index is growing in Norway

blok

Cost of a 3-bedroom apartment in Norway

€3 million

Penthouse in the centre of Oslo

€1.5 million

Apartment in the centre of Oslo

€300,000

Apartment in Oslo

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  • Get fully prepared and verified documents for a purchase

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Norway residence permit or citizenship by real estate investment

Obtaining a Norway residence permit or citizenship is not connected with purchasing real estate.

Discover real estate market trends in 41 European countries

Discover real estate market trends in 41 European countries

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  • Get expert tips and documents

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Taxes and associated costs

Purchase taxes

Property buyers pay stamp duty and a registration fee.

Associated costs range between 2.5% and 5.6% of the purchase agreement value. When buying an apartment for €500,000, the investor will spend €512,050, including additional costs.

Stamp duty2.5%
Registration fee€75
Agency fee — for transactions involving a real estate agency1.25—3.1 % — depends on the transaction amount and complexity, VAT included

Ownership taxes

Approximate annual costs for maintenance of an apartment

Property owners pay an annual municipal tax of 0.2% to 0.7% of the cadastral value. The rate depends on the region.

In addition, owners pay a wealth tax at 0.85% of the market property value if it exceeds €148,000.

Non-residents pay an income tax of 22% on rental yields.

Communal payments

Electricity, gas, water, heating, and garbage collection€100—325 — per month
Internet, TV and telephone€40—70 — per month

Sale taxes

Sellers pay a capital gains tax of 22% on the difference between the sale and purchase prices.

Countries to buy a property and get residency or citizenship

We offer proven properties that comply with the conditions of government programs for investors. You can buy real estate and obtain a residence permit or citizenship.

Country and status
Investments
Status
Time required
mt-flagmt-flag
Malta29 properties

€375,000+

Permanent residency

6+ months

Show 29 properties

€375,000+Permanent residency6+ months
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Grenada44 properties

$270,000+

Citizenship

8+ months

Show 44 properties

$270,000+Citizenship8+ months
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ae-flagae-flag
UAE158 properties

AED 750,000+

Residence permit

2+ months

Show 158 properties

AED 750,000+Residence permit2+ months
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es-flages-flag
Spain38 properties

Not limited

Residence permit

4+ months

Show 38 properties

Not limitedResidence permit4+ months
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Portugal68 properties

Not limited

Residency after D Visas

6+ months

Show 68 properties

Not limitedResidency after D Visas6+ months
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40+ guides with European countries

Find out how much it costs to buy and rent real estate in each country, what the market dynamics are and what taxes you need to pay when buying and selling.

sk-flagProperty Investment in Slovakia as a Foreigner

Foreigners can freely buy, lease, and sell real estate in Slovakia. Statistics confirm the liquidity of investments: residential real...

€3,800

Average price per 1 m²

2%

Average price growth per quarter

Learn more
ro-flagProperty Investment in Romania as a Foreigner

The sale of apartments to foreigners in Romania isn’t limited: they can freely purchase, rent out, and sell properties. The sale of...

€1,528

Average price per 1 m²

1,3%

Average price growth per quarter

Learn more
me-flagProperty Investment in Montenegro as a Foreigner

Foreigners can buy and sell real estate or rent it out with few restrictions. Foreigners are prohibited from buying agricultural land...

€2,100

Average price per 1 m²

24%

Inflation-adjusted price growth in 2024, year-on-year

Learn more
Igor Buglo

Material prepared by Igor Buglo, Head of the Maltese office, MBA

Updated:

​Frequently asked questions

  • Is real estate in Norway a good investment?

    Yes, real estate in Norway can be a good investment, but it depends on the location and market trends. Norway has a stable economy, high quality of life, and strong demand for property in urban areas, making it attractive for long-term investments. 

    However, some regions have seen slower growth, and the market is sensitive to interest rates. Investors should also consider rising trends like eco-friendly homes and demand for properties outside major cities due to remote work opportunities.

  • Can a foreigner buy a property in Norway?

    Yes, foreigners are allowed to buy property in Norway without significant restrictions. Both residential and commercial real estate is accessible to non-residents. 

    Purchasing property does not automatically grant residency or citizenship, so foreign buyers will need to meet additional requirements if they plan to live in Norway long-term.

  • Is it expensive to buy property in Norway?

    Yes, property prices in Norway can be high, particularly in major cities like Oslo, Bergen, and Stavanger. The cost of real estate reflects the high standard of living and demand in urban centres. On average, prices have steadily risen, though they can vary based on the property type and location. 

    Additional costs include a 2.5% stamp duty, legal fees, and 0.01 to 1.50% of property taxes, which add to the overall expense of buying property in Norway.