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 6.4 million Norwegian kroner. The city above the polar circle, Tromsø ranked second, with housing units costing on average nearly 4.6 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 1.25 million U.S. dollars in the former British colony. Munich ranked second, where the average property price amounted to roughly one million U.S dollars.

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 148.3 index points, the index for multi-dwelling properties suggests an increase of 48 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 1.6 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 55 percent of Norwegian citizens lived in detached houses, whereas 20 percent lived in multi-dwelling buildings. The least common housing type was houses with two dwellings that year.

Graph and download economic data for Real Residential Property Prices for Norway (QNOR628BIS) from Q1 1970 to Q3 2024 about Norway, residential, HPI, housing, real, price index, indexes, and price.

Housing Index in Norway increased to 356.06 points in February from 350.30 points in January 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.

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.

House prices in Norway fell by 1.4 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 12 percent. In 2025, growth is projected to recover, rising to five percent.

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 94,000 Norwegian kroner per square meter. The country's average that year was around 54,000 Norwegian kroner.

House Price Index MoM in Norway decreased to 0.90 percent in February from 1.40 percent in January of 2025. This dataset includes a chart with historical data for Norway House Price Index MoM.

Norway House Price Index: Houses data was reported at 163.700 2000=100 in Dec 2008. This records a decrease from the previous number of 176.400 2000=100 for Sep 2008. Norway House Price Index: Houses data is updated quarterly, averaging 100.100 2000=100 from Mar 1992 (Median) to Dec 2008, with 68 observations. The data reached an all-time high of 182.800 2000=100 in Mar 2008 and a record low of 42.500 2000=100 in Mar 1993. Norway House Price Index: Houses 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. Rebased from 2000=100 to 2005=100 Replacement series ID: 217254402

Norway House Price per Square Meter: Avg: Freeholder: Oslo: Multi Dwelling data was reported at 77,284.000 NOK in Jun 2018. This records an increase from the previous number of 73,855.000 NOK for Mar 2018. Norway House Price per Square Meter: Avg: Freeholder: Oslo: Multi Dwelling data is updated quarterly, averaging 50,208.500 NOK from Mar 2006 (Median) to Jun 2018, with 50 observations. The data reached an all-time high of 79,594.000 NOK in Mar 2017 and a record low of 34,258.000 NOK in Mar 2006. Norway House Price per Square Meter: Avg: Freeholder: Oslo: Multi Dwelling data remains active status in CEIC and is reported by Statistics Norway. The data is categorized under Global Database’s Norway – Table NO.P001: House Price 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 110, which means that house price growth had outpaced income growth by 10 percent since 2015. This was lower than the average house price to income ratio in the Euro area 16.

Norway House Price Index: HO: Oslo and Baerum: Dwelling data was reported at 151.300 2000=100 in Dec 2008. This records a decrease from the previous number of 160.100 2000=100 for Sep 2008. Norway House Price Index: HO: Oslo and Baerum: Dwelling data is updated quarterly, averaging 93.150 2000=100 from Mar 1991 (Median) to Dec 2008, with 72 observations. The data reached an all-time high of 169.900 2000=100 in Jun 2007 and a record low of 33.500 2000=100 in Mar 1993. Norway House Price Index: HO: 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.

Norway House Price Index: Oslo and Baerum data was reported at 234.700 2005=100 in Dec 2016. This records an increase from the previous number of 228.900 2005=100 for Sep 2016. Norway House Price Index: Oslo and Baerum data is updated quarterly, averaging 91.850 2005=100 from Mar 1992 (Median) to Dec 2016, with 100 observations. The data reached an all-time high of 234.700 2005=100 in Dec 2016 and a record low of 24.400 2005=100 in Mar 1993. Norway House Price Index: Oslo and Baerum data remains active status in CEIC and is reported by Statistics Norway. The data is categorized under Global Database’s Norway – Table NO.EB006: House Price Index: 2005=100. Rebased from 2005=100 to 2015=100 Replacement series ID: 386601567

The price of new Norwegian detached houses increased constantly, reaching about 42.5 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. 67.4 thousand buildings were reported in 2009, whereas the corresponding figure in 2019 was approximately 72.1 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.

The house price index of Norway decreased sharply in the second half of 2021 and 2022, after rising in the previous year. In the first quarter of 2023, house prices decreased nominally for the first time since 2017. When accounting for inflation, the decrease was about 6.6 percent.

New residential housing price in Oslo were on average 171 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 112 percent during the evaluated period.

Norway House Price per Square Meter: Avg: Freeholder: Oslo: Detached Houses data was reported at 59,796.000 NOK in Jun 2018. This records an increase from the previous number of 56,567.000 NOK for Mar 2018. Norway House Price per Square Meter: Avg: Freeholder: Oslo: Detached Houses data is updated quarterly, averaging 39,907.000 NOK from Mar 2006 (Median) to Jun 2018, with 50 observations. The data reached an all-time high of 59,796.000 NOK in Jun 2018 and a record low of 26,182.000 NOK in Mar 2006. Norway House Price per Square Meter: Avg: Freeholder: Oslo: Detached Houses data remains active status in CEIC and is reported by Statistics Norway. The data is categorized under Global Database’s Norway – Table NO.P001: House Price per Square Meter.

Norway House Price Index: Oslo and Baerum: Multi Dwelling data was reported at 157.100 2000=100 in Dec 2008. This records a decrease from the previous number of 166.800 2000=100 for Sep 2008. Norway House Price Index: Oslo and Baerum: Multi Dwelling data is updated quarterly, averaging 100.150 2000=100 from Mar 1992 (Median) to Dec 2008, with 68 observations. The data reached an all-time high of 179.800 2000=100 in Jun 2007 and a record low of 31.300 2000=100 in Mar 1993. Norway House Price Index: Oslo and Baerum: Multi 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.

This statistic shows the average property prices in selected neighborhoods in Norway in 2016. The average price for a property in the neighborhood Grünerløkka in Oslo in 2016 was 62,057 Norwegian krone per square meter.

Norway House Price Index: HO: Oslo and Baerum: Detached Houses data was reported at 143.100 2000=100 in Dec 2008. This records a decrease from the previous number of 151.300 2000=100 for Sep 2008. Norway House Price Index: HO: Oslo and Baerum: Detached Houses data is updated quarterly, averaging 91.950 2000=100 from Mar 1991 (Median) to Dec 2008, with 72 observations. The data reached an all-time high of 156.500 2000=100 in Jun 2007 and a record low of 36.500 2000=100 in Mar 1993. Norway House Price Index: HO: Oslo and Baerum: Detached Houses 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.