Real estate investment in Norway

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
of housing in Norway

1,2% Average price per 1 m²
increase per quarter

2,5—5,6% Buyers’ related expenses,
of the transaction amount

How the residential property price index is growing in Norway

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

What do investors buy?

The most expensive real estate in Norway is in the capital, Oslo.

Apartments

penthouses
duplexes
apartments

Houses

villas
cottages
country houses

Norway residence permit or citizenship by real estate investment

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

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Taxes and associated costs

Purchase

Ownership

Sale

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.

2.5—5.6% Of the contract value
are related costs for
the purchase of housing
in Norway

Purchase expenses

Stamp duty

2.5%

Registration fee

€75

Agency fee

For transactions involving a real estate agency

1.25—3.1 %

Depends on the transaction amount and complexity, VAT included

Taxes

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.

€2,004 Approximate annual costs for
maintenance of an apartment

Communal payments

Electricity, gas, water, heating, and garbage collection

€100—325

per month

Internet, TV and telephone

€40—70