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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


Apartment in Oslo

What do investors buy?

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


  • penthouses
  • duplexes
  • apartments


  • 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.

40+ guides on European countries

Learn the prices for purchasing and renting a property in each country, the market dynamics and taxes on buying and selling real estate.

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Taxes and associated costs


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
Registration fee
Agency fee

For transactions involving a real estate agency

1.25—3.1 %

Depends on the transaction amount and complexity, VAT included


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  

per month

Internet, TV and telephone

per month

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

22% Capital gains tax on the sale
of real estate in Norway
Igor Buglo
Prepared a guide on investing in real estate in Norway