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.

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.

Oslo was the Norwegian city with the highest average price per square meter for residential property in March 2024. The prices in the Norwegian capital reached over ****** Norwegian kroner per square meter. The country's average that year was around ****** Norwegian kroner.

The average monthly rent of residential housing in Norway in 2023 was most expensive in the capital Oslo, amounting more than 26 euros per square meter. Trondheim had an average monthly rent of around 21.2 euros per square meter, while it was around 20.1 euros per square meter in Bergen.

Average House Prices in Norway decreased to 4943130 NOK in June from 5112498 NOK in May of 2025. This dataset includes a chart with historical data for Norway Average House Prices.

The prime rent for office real estate in Oslo, Norway has increased since 2015. It can be seen that in 2024, the annual square meter rent of prime office space reached *** euros, which was an increase from the previous year being the second-highest record in the time period analyzed. In Europe, London, Paris, and Stockholm were the markets with the most expensive rents.

Stockholm was the city with the most expensive apartments in Sweden in 2024. An apartment in Stockholm cost approximately 7,700 euros per square meter as of the first quarter of the year, while in Gothenburg, the average price was roughly 4,700 euros per square meter. Malmö was most affordable, with an average price of 2,750 euros per square meter. In Sweden, about 65 percent of the population lives in an owner-occupied home. How do prices in Sweden compare to the rest of Europe? The Swedish capital ranked among the 10 most expensive cities in Europe for buying an apartment in 2024. Becoming the owner of an apartment in Stockholm was slightly more affordable than in Amsterdam, but slightly more expensive than in Innsbruck, Frankfurt and Oslo. Is housing in Sweden affordable? The growth of house prices in Sweden slowed down in 2022, allowing incomes to catch up and affordability, as measured by the house price-to-income ratio, to improve. Generally, Sweden has a better housing affordability than most OECD countries that report the indicator.

House prices in Oslo, Norway, fluctuated between 2018 and 2024. In March 2024, house prices increased for the second year in a row, by 0.9 percent on an annual basis.

As of the third quarter of 2023, 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.

Geneva stands out as Europe's most expensive city for apartment purchases in early 2025, with prices reaching a staggering 15,720 euros per square meter. This Swiss city's real estate market dwarfs even high-cost locations like Zurich and London, highlighting the extreme disparities in housing affordability across the continent. The stark contrast between Geneva and more affordable cities like Nantes, France, where the price was 3,700 euros per square meter, underscores the complex factors influencing urban property markets in Europe. Rental market dynamics and affordability challenges While purchase prices vary widely, rental markets across Europe also show significant differences. London maintained its position as the continent's priciest city for apartment rentals in 2023, with the average monthly costs for a rental apartment amounting to 36.1 euros per square meter. This figure is double the rent in Lisbon, Portugal or Madrid, Spain, and substantially higher than in other major capitals like Paris and Berlin. The disparity in rental costs reflects broader economic trends, housing policies, and the intricate balance of supply and demand in urban centers. Economic factors influencing housing costs The European housing market is influenced by various economic factors, including inflation and energy costs. As of April 2025, the European Union's inflation rate stood at 2.4 percent, with significant variations among member states. Romania experienced the highest inflation at 4.9 percent, while France and Cyprus maintained lower rates. These economic pressures, coupled with rising energy costs, contribute to the overall cost of living and housing affordability across Europe. The volatility in electricity prices, particularly in countries like Italy where rates are projected to reach 153.83 euros per megawatt hour by February 2025, further impacts housing-related expenses for both homeowners and renters.

New residential housing price in Oslo were on average *** percent of the national average price in Norway in 2018 and represented the largest difference in average transaction price of new residential properties in the country that year. The corresponding figure for Bergen was *** percent during the evaluated period.

The highest prime rent for office properties in Norway was in Oslo, where the prime rent was ***** Norwegian kroner per square meter per year in the second quarter of 2023. The second-highest prime rent was in Bergen and Stavanger CBD, where the prime rent was half of the one in Oslo, at ***** ***** Norwegian kroner per square meter per year.

The house price to rent ratio in Norway declined slightly in 2023, after peaking in the second quarter of 2022. In the third quarter of 2024, the house price to rent index stood at ***** index points, down from ***** index points during the same period the year before. The house price to rent ratio is calculated by dividing nominal house prices by rent prices, with 2015 as a base year when the index value was set to 100. A value of *** shows that house price growth has outpaced rental growth by ** percent since 2015. Norway's house price to rent ratio was below that of the OECD average.

In the fourth quarter of 2023, the average rent price per square meter in major European cities was **** euros. London had the highest price by far at **** euros per square meter, followed by Amsterdam and Oslo at **** and **** euros, respectively. In contrast, Seville had the lowest average price, at ** euros per square meter.

The house price ratio in Norway fluctuated between 2012 and 2024. The ratio measures the development of housing affordability and is calculated by dividing nominal house price by nominal disposable income per head, with 2015 set as a base year when the index amounted to 100. Norway's index score in the first quarter of 2024 amounted to ***, which means that house price growth had outpaced income growth by ** percent since 2015. This was lower than the average house price to income ratio in the Euro area 16.

Across the major European industrial and logistics real estate markets, London had the highest rental rate in 2024. One square meter in a large, prime warehouse in London cost about *** euros annually in the fourth quarter of the year. That figure reflects the rental cost after any rent-free periods or incentives, excluding taxes and charges, referred to as headline rent. Other markets with high rental rates were Helsinki and Oslo. What are the most important logistics hubs in Europe? London’s domestic and international connectivity, thriving business ecosystem, and access to a large consumer base make it one of the most important logistics hubs in Europe. Nevertheless, Birmingham achieved the highest take-up among the major European markets for three years in a row. Birmingham is part of the UK’s golden logistics triangle – an area between Birmingham, Northamptonshire, and Yorkshire that, due to its central location, is within a four-hour drive from ** percent of the British population. Unsurprisingly, Europe’s three largest economies (the UK, Germany, and France) had the most active logistics investment markets. Combined, the three countries accounted for more than half of the total investment value in the sector. How profitable is warehouse investment in Europe? One of the key metrics for measuring the profitability of an investment is yield, or the rental income generated by the property as a percentage of its price. In Europe, yields for prime properties reached up to ***** percent, but some markets, such as France and Germany, experienced much lower yields. Though low yields can be interpreted as low profitability, they are usually a sign of strong market fundamentals and sentiment. In conditions of economic growth and steady occupier demand, investors can expect rental and capital growth and are more willing to accept lower yields. On the other hand, when the macroeconomic conditions deteriorate, economic growth slows down, and borrowing costs increase, investors address the higher risk through higher yields.

The prime rent for large warehouses over 100,000 square feet in the UK was 11 British pounds per square foot in 2023. However, in London, the South East, and East, rents were twice higher. Conversely, the North East was the region with the most affordable warehouse rent, with the prime rent per square foot amounting to 7.75 British pounds. What is the rental price for warehouses in Europe? The UK has some of the most expensive warehouse rents in Europe. Other key markets that fetched high prices were Oslo, Helsinki, Dublin, and Munich, with rents ranging between 100 and 200 euros per square meter. In Eastern Europe, prices were notably lower, with markets such as Katowice, Warsaw, and Bucharest, reporting rents below 60 euros per square meter. How are warehouse rents expected to develop in the next years? The industrial and logistics real estate sector has grown dramatically since the COVID-19 pandemic. Although growth is forecast to slow, rents in the sector are expected to continue to increase until 2025. Industrial real estate is anticipated to outperform offices and retail not only by rental growth but also in terms of capital value increase.

Detached houses were the most common dwelling type in Norway. In 2023, there were roughly *** million detached houses in the country, while the number of multi-dwellings was approximately *******. Multi-dwelling homes is the property type that has experienced the fastest price growth since 2015. How many new buildings were started? As of 2019, nearly ** thousand new residential buildings had been started in Norway. This was a decrease, when compared to the year before, but still an increase from 2008, when the corresponding figures were approximately ** thousand new buildings started. The number peaked in 2016, when over ** thousand new dwelling buildings had been started.  How much does it cost to buy a dwelling in Norwegian cities?  A report from 2022 investigated dwelling prices in some major Norwegian cities. The average price per square meter turned out to be the highest in the capital, Oslo, amounting to over ****** Norwegian kroner. The Northern city of Tromsø was second in the ranking, followed by Bergen and Trondheim.

In 2023, the price of new residential properties rose in all European capitals except in London, Copenhagen, Oslo and Bratislava where prices declined. Overall, four of Europe's capital cities witnessed prices grow by more than 10 percent: Athens, Lisbon, Warsaw and Budapest.

London and Munich were among the most expensive cities in Europe for the construction of warehouses in 2024, while advanced manufacturing facilities were the most expensive in Amsterdam. Meanwhile, among the selected cities, Paris had the lowest construction costs for warehouses. However, construction costs do not always follow the same trends as commercial real estate in Europe, with sale prices differing significantly in some cases. Warehouse take-up in Europe These high construction costs in the largest cities probably affect the take-up of large warehouses European cities. Instead, Birmingham in the United Kingdom (UK) came in first in 2023, with roughly ******* square meters of warehouse space spread throughout the municipality. Of the first ten entries, two were located in the UK, which makes it one of the most popular warehouse locations. Retail warehouse rental prices London was the UK region with the highest bix-box warehouse rent prices. As of the last quarter of 2023, roughly **** British pounds were paid per square foot. This was more than twice the amount paid for the same type of buildings in the West Midlands. London was also the European city with the highest rent for warehouses, with Oslo and Helsinki following far behind.