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.
of housing in Norway
increase per quarter
of the transaction amount
How the residential property price index is growing in Norway
Cost of a 3-bedroom apartment in Norway
Penthouse in the centre of Oslo
Apartment in the centre of Oslo
Apartment in Oslo
What do investors buy?
The most expensive real estate in Norway is in the capital, Oslo.
- 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
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.
maintenance of an apartment
Electricity, gas, water, heating, and garbage collection
Internet, TV and telephone
Sellers pay a capital gains tax of 22% on the difference between the sale and purchase prices.
of real estate in Norway