Oslo was the Norwegian city with the highest rental prices in the country in 2024. Renting an apartment in the Norwegian capital cost nearly ****** Norwegian kroner per month on average, whereas Bergen ranked second, with an average monthly rent of ****** Norwegian kroner. The average price of residential housings in Norway was also highest in Oslo. The Nordic market Not only was Oslo the city with the highest rents in Norway, but also in the Nordic region. The capital cities of Denmark (Copenhagen) and Finland (Helsinki) ranked second and third respectively, whereas Stockholm ranked last within a list of ** Nordic cities. In contrast, Stockholm was the most expensive city to buy an apartment in. Homeownership in Norway The high renting prices in the Norwegian capital could be explained by the renting market trends in the country. The homeownership rate fluctuated over the past decade, but overall decreased, reaching its lowest rate so far in 2020.

Amsterdam is set to maintain its position as Europe's most expensive city for apartment rentals in 2025, with median costs reaching 2,500 euros per month for a furnished unit. This figure is double the rent in Prague and significantly higher than other major European capitals like Paris, Berlin, and Madrid. The stark difference in rental costs across European cities reflects broader economic trends, housing policies, and the complex interplay between supply and demand in urban centers. Factors driving rental costs across Europe The disparity in rental prices across European cities can be attributed to various factors. In countries like Switzerland, Germany, and Austria, a higher proportion of the population lives in rental housing. This trend contributes to increased demand and potentially higher living costs in these nations. Conversely, many Eastern and Southern European countries have homeownership rates exceeding 90 percent, which may help keep rental prices lower in those regions. Housing affordability and market dynamics The relationship between housing prices and rental rates varies significantly across Europe. As of 2024, countries like Turkey, Iceland, Portugal, and Hungary had the highest house price to rent ratio indices. This indicates a widening gap between property values and rental costs since 2015. The affordability of homeownership versus renting differs greatly among European nations, with some countries experiencing rapid increases in property values that outpace rental growth. These market dynamics influence rental costs and contribute to the diverse rental landscape observed across European cities.

As of the first quarter of 2025, Oslo was the city with the highest apartment rent cost within the Nordic countries. It cost around **** euros on average per square meter to rent an apartment in the Norwegian capital at that time. Copenhagen followed closely with an average rent of **** euros per square meter. The Swedish capital Stockholm was among the most affordable cities in the ranking, although that was one of the most expensive cities to buy an apartment in. Among the Nordic countries, Sweden had the lowest net earnings, thus making the cost of living more proportionate.

Oslo was the Norwegian city with the most expensive apartments and houses in 2024. In March that year, the average price per residential property in the Norwegian capital was approximately *** million Norwegian kroner. The city above the polar circle, Tromsø ranked second, with housing units costing on average nearly *** million Norwegian kroner. In 2019, there were over nine thousand dwellings sold in Norway. Housing types The largest share of Norwegian residential housing units in 2023 were detached houses, accounting for nearly half of the total housing market in the country. Moreover, a quarter of all occupied and vacant dwellings that year were blocks of flats and over one fifth were houses with two dwellings or row houses. Where are properties the most expensive? Within selected global property markets, Hong Kong had the most expensive housing prices in 2020. An average property would cost roughly **** million U.S. dollars in the former British colony. Munich ranked second, where the average property price amounted to roughly *********** U.S dollars.