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Despite the coronavirus outbreak, layoffs and a society in general in the “savings flare”, house prices in the country continue to rise:
House price statistics from Real Estate Norway for September showed that house prices rose 0.4 percent, while, adjusted for seasonal variations, prices rose 1.3 percent in the first month autumn.
Low mortgage rates and a large amount of time at home are enough to sustain the housing market, and many who have been sitting on the fence for a long time when it comes to buying a home may have gotten the push they needed right now. specials.
Sharp increase in rental prices
Home purchases below two or four million? Do you understand this!
To find out which is the smallest and largest house you can get for less than two million or between two and four million in the various counties, Dinside has simply searched Finn.no.
We have flagged the smallest and largest home that is ready for occupancy (not renovations, homes under construction, or homes with resident restrictions, such as age limits). The price ranges used are the total price (price indication and joint debt).
Buying a home – this is what you get for your money in our vast country.
|
COUNTY |
HOUSING SIZE FROM / TO LESS THAN TWO MILLION NOK |
HOUSE SIZE FROM / TO BETWEEN TWO AND FOUR MILLION |
| Agder | 19 square meters (Kristiansand) / 282 square meters (Åseral) | 33 square meters (Kristiansand) / 424 square meters (Marnardal) |
| Inside | 28 square meters (Hamar) / 273 square meters (Etnedal) | 29 square meters (Gjøvik) / 464 square meters (Flisa) |
| Møre and Romsdal | 20 square meters (Ålesund) / 279 square meters (Averøy) | 30 square meters (Mold) / 600 square meters (Bud) |
| Nordland | 22 square meters (Bodø) / 376 square meters (Lurøy) | 32 square meters (Bodø) / 321 square meters (Nesna) |
| Oslo | Only garage spaces! | 14 square meters (Bjølsen) / 127 square meters (Stovner) |
| Rogaland | 19 square meters (Stavanger) / 268 square meters (Moi) | 31 square meters (Stavanger) / 268 square meters (Haugesund) |
| Troms and Finnmark | 19 square meters (Harstad) / 462 square meters (Storslett) | 27 square meters (Tromsø) / 345 square meters (Moen) |
| Trøndelag | 23 square meters (Trondheim) / 278 square meters (Follafoss) | 23 square meters (Trondheim) / 304 square meters (Vågland) |
| Vestfold and Telemark | 30 square meters (Tønsberg) / 230 square meters (Neslandsvatn) | 36 square meters (Tønsberg) / 347 square meters (Seljord) |
| Vestland | 17 square meters (Nesttun) / 285 square meters (Vik i Sogn) | 23 square meters (Bergen) / 374 square meters (Sagvåg) |
| The Bay | 27 square meters (Hønefoss) / 253 square meters (Roa) | 25 square meters (Råholt) / 323 square meters (Nes in Ådal) |
We have reached the result via Finn.no search on October 14, 2020.
- As you can see, there are quite large gaps in various counties when it comes to the size of a home you can buy within the two price ranges. The largest difference in the size of houses with a total price below two million is in Troms and Finnmark, while between two and four million there is the largest difference in the size of houses in Møre og Romsdal.
- There is also a general trend in our Finn. No searches that the smallest houses in the two price ranges are in peri-urban areas. The largest houses in the price ranges are, on the other hand, typically large houses in the ‘village’.
- Oslo clearly stands out from the other counties / cities. There is Not houses that cost less than two million – in this price range there are only parking spaces! Between two and four million crowns, compared to the other counties, there is a rather small difference in size, where the smallest house is in a district close to the center, while the other is a good distance outside the capital.
– This interest rate myth is stubborn
Large variations so far and in the future
We also spoke with Henning Lauridsen, CEO of Eiendom Norge, to find out how prices have evolved in different parts of the country over the past five to ten years, and what is expected of house prices in the near future. .
– There have been large variations in the evolution of house prices in different parts of the country, but also within different parts of the country. Both the last five Y For ten years, price developments have been the strongest in Norway, Lauridsen tells Dinside, listing:
- In the last ten years, prices in Oslo Y The Bay increased by 91.2 percent.
- We find the weakest price evolution in Agder Y Rogaland where house prices are actually lowest in the last five and ten years. In the last ten years, prices have risen 17.4 percent, which is lower than inflation.
- Both of them Western norway Y Central norway has had a price evolution in the middle of the tree, with 47.4% and 51.7% respectively in the last ten years.
- North Norway has had the strongest price evolution outside the Østlands area: here prices have risen 66.2 percent in the last ten years.
Half of the owners may be overrated
House price growth is expected here
When it comes to price developments going forward, Lauridsen believes that Oslo and Viken will continue to have the highest price growth, while Agder and Rogaland will likely have the lowest for a while longer. However, any increase in oil prices can lead to a stronger labor market and population weight, which can lead to stronger price developments than we have seen in the last ten years in the Southwest. .
– Places where populations are growing without house construction keeping pace, such as the Oslo and Tromsø area, will likely experience higher price growth than elsewhere in the near future, Lauridsen says.
– Norges Bank’s zero interest rate has caused a drop in house prices in recent months, but as the effect weakens, there is a high probability that we will see a moderate evolution of house prices in the future, because the coronavirus outbreak leads to low wage growth, layoffs and higher unemployment. Lauridsen concludes.
