Housing Prices and Rental Challenges Reach New Heights
There has been a significant increase in housing prices in Norway in 2023, with an increase of 7.7 percent since the turn of the year. The average housing price is now 4.7 million kroner, and in Oslo, the average price is 6.5 million kroner, which is seven percent higher than at the beginning of the year. This is happening despite eight interest rate hikes from the Norwegian central bank over the past year and increased prices for food, insurance, holidays, and electricity.
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