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.

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.

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.

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.

Key information about House Prices Growth

• Norway house prices grew 4.8% YoY in Dec 2024, following an increase of 3.3% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Mar 1993 to Dec 2024, with an average growth rate of 7.0%.
• House price data reached an all-time high of 21.2% in Mar 2000 and a record low of -6.9% in Dec 2008.

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.

The price of new Norwegian detached houses increased constantly, reaching about **** thousand Norwegian kroner in 2022. Over the period from 2009 to 2022, the average price per square meter of new detached houses increased a lot. The tendency for used detached houses over the evaluated period was similar and the price per square meter increased every year.  How many buildings are there in Oslo? More and more residential buildings had been built in Oslo over the past decade. **** thousand buildings were reported in 2009, whereas the corresponding figure in 2019 was approximately **** thousand existing residences in the Norwegian capital.  Prices of different dwellings The prices of all types of dwellings increased from 2009 to 2020 in Norway. While detached houses seemed to be the most expensive dwelling type from 2009 to 2011, the figures had changed by 2020 and prices for multi-dwellings had the highest index in the country.

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 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.

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.

More and more residences were being built in the Norwegian capital over the past decade. Despite staying relatively stable, the number of residential buildings in Oslo constantly increased in the period from 2009 to 2019. As of 2019, there were over ** thousand residential buildings built, compared to approximately **** thousand in 2009. Regarding prices, the monthly price change fluctuated between 2013 and 2019. As of August 2019, the prices of dwellings in Oslo had increased by *** percent since the month before.

How expensive are dwellings in Norwegian cities?        Oslo was the most expensive Norwegian city to buy a dwelling in 2019. The average residence price was over ** thousand Norwegian kroner per square meter that year. The next city in the ranking was the Northern city of Tromsø, where dwellings cost nearly ** thousand Norwegian kroner per square meter. Trondheim, Bergen and Stavanger followed.

Number of sold dwellings        The number of sold dwellings in Norway fluctuated during/over the period from 2015 to 2019. It peaked in 2018, when nearly *** thousand dwellings had been sold. As of 2019, the corresponding figure was around **** thousand dwellings.

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.

The annual headline prime rent costs per square meter for warehouses over ***** square meters in the occupier logistics markets in the United Kingdom has increased since 2014. In London, the annual rent for the properties of highest quality and specification and in the best locations amounted to *** euros per square meter annually as of first quarter of 2025. This figure refers to the rent payable after rent-free periods and incentives, and excludes taxes and charges. After London, the capital of Norway, Oslo, was the city with the most expensive warehouse rents.