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 increased to 4954306 NOK in August from 4269904 NOK in July of 2025. This dataset includes a chart with historical data for Norway Average House Prices.

The house prices of all house types in Norway increased steadily between 2009 and 2022, followed by a slight decline in 2023. Unlike houses, prices for multi-dwellings did not fall in 2023. Multi-dwelling were also the property type that experienced the strongest growth. At ***** index points, the index for multi-dwelling properties suggests an increase of ** percent since 2015 - the baseline year. How much did Norwegians pay for dwellings in 2021? Oslo appeared to be the most expensive city by dwelling prices that year, followed by Tromsø and Bergen.  Number of residential buildings The number of residential buildings in Norway constantly increased during the past decade, peaking in 2023. There were nearly *** million residences in the country. That was an increase of over 100 thousand units, compared to 2010. More than half of Norwegians lived in detached houses The share of residents by housing type was distributed unevenly in Norway in 2023. Approximately ** percent of Norwegian citizens lived in detached houses, whereas ** percent lived in multi-dwelling buildings. The least common housing type was houses with two dwellings that year.

Graph and download economic data for Residential Property Prices for Norway (QNON628BIS) from Q1 1970 to Q1 2025 about Norway, residential, HPI, housing, price index, indexes, and price.

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.

Housing Index in Norway increased to 360.54 points in August from 354.42 points in July of 2025. This dataset provides the latest reported value for - Norway House Price Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

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 house price to income ratio in Norway amounted to ****** points in the first quarter of 2025. This is lower than the observation from the first quarter one year earlier, when the ratio had been ****** points.

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.

Residential Property Prices in Norway increased 6.49 percent in March of 2025 over the same month in the previous year. This dataset includes a chart with historical data for Norway Residential Property Prices.

Graph and download economic data for Harmonized Index of Consumer Prices: Actual Rentals for Housing for Norway (CP0410NOM086NEST) from Jan 1996 to Aug 2025 about Norway, rent, harmonized, CPI, housing, price index, indexes, and price.

Graph and download economic data for Consumer Price Index: Housing for Norway (NORCPIHOUMINMEI) from Jan 1979 to May 2018 about Norway, CPI, housing, price index, indexes, and price.

House prices in Norway fell by *** percent and, according to the forecast, are expected to continue to fall until 2024. In 2023, properties were forecast to experience a decline in prices of ** percent. In 2025, growth is projected to recover, rising to **** percent.

House prices in Stavanger and the surrounding area, Norway, fluctuated between 2018 and 2024. In March 2024, house prices rose for the fourth year in a row, by *** percent on an annual basis.

Graph and download economic data for Consumer Price Index: Housing for Norway (NORCPIHOUAINMEI) from 1979 to 2017 about Norway, CPI, housing, price index, indexes, and price.

House Price Index YoY in Norway increased to 5.50 percent in August from 5.40 percent in July of 2025. This dataset includes a chart with historical data for Norway House Price Index YoY.

Norway: Housing and utilities price index, world average = 100: The latest value from 2021 is 178.67 index points, a decline from 211.697 index points in 2017. In comparison, the world average is 77.639 index points, based on data from 165 countries. Historically, the average for Norway from 2017 to 2021 is 195.184 index points. The minimum value, 178.67 index points, was reached in 2021 while the maximum of 211.697 index points was recorded in 2017.

Graph and download economic data for Consumer Price Index: OECD Groups: Housing: Total for Norway (NORCPGRHO01GPM) from Feb 1979 to Dec 2023 about Norway, CPI, price index, indexes, and price.

Norway House Price Index: Oslo and Baerum: Dwelling data was reported at 154.800 2000=100 in Dec 2008. This records a decrease from the previous number of 164.500 2000=100 for Sep 2008. Norway House Price Index: Oslo and Baerum: Dwelling data is updated quarterly, averaging 99.450 2000=100 from Mar 1992 (Median) to Dec 2008, with 68 observations. The data reached an all-time high of 174.600 2000=100 in Jun 2007 and a record low of 32.800 2000=100 in Mar 1993. Norway House Price Index: Oslo and Baerum: Dwelling data remains active status in CEIC and is reported by Statistics Norway. The data is categorized under Global Database’s Norway – Table NO.EB008: House Price Index: 2000=100.

Graph and download economic data for Consumer Price Index: OECD Groups: Housing: Housing Excluding Imputed Rentals for Housing for Norway (NORCPGRHO02GPQ) from Q2 1979 to Q4 2023 about imputed, Norway, rent, CPI, price index, indexes, and price.