Authored by the expert who managed and guided the team behind the Norway Property Pack
Yes, the analysis of Bergen's property market is included in our pack
Bergen's property market is showing strong momentum heading into 2026, with prices rising faster than the national average.
In this article, we break down current housing prices in Bergen, recent trends, and what forecasts say about the years ahead.
We update this blog post regularly to reflect the latest data and market shifts.
And if you're planning to buy a property in this place, you may want to download our pack covering the real estate market in Bergen.
Insights
- Bergen property prices jumped around 10% in 2025, roughly double the national average, driven largely by areas near the new Bybanen light rail stations in Fyllingsdalen.
- The average home in Bergen now costs about NOK 4.8 million, but two apartments on the same street can differ by 30% based solely on sun exposure and fjord views.
- Norway's government lowered the equity requirement for mortgages, making it easier for first-time buyers to enter Bergen's competitive apartment market in 2026.
- Norges Bank projects house prices to rise 6.3% nationally in 2026, but Bergen's supply constraints suggest the city could outperform by 2 to 3 percentage points.
- Neighborhoods like Laksevåg and Damsgård are attracting buyers priced out of central Bergen, offering waterfront regeneration appeal at 15 to 20% lower prices per square meter.
- Bergen's unemployment rate remains among the lowest in Vestland, which supports housing demand even as interest rates stay elevated at 4%.
- Mid-market apartments with 2 to 3 rooms are appreciating fastest because they attract the largest pool of buyers, from young professionals to downsizing retirees.
- Over a 5-year horizon, Bergen properties near transit stations historically gain a 10 to 15% premium compared to similar homes farther from public transport.
What are the current property price trends in Bergen as of 2026?
What is the average house price in Bergen as of 2026?
As of early 2026, the average residential property price in Bergen sits at approximately NOK 4.8 million, which translates to around $430,000 or €405,000.
When you look at price per square meter, Bergen averages about NOK 60,700 per square meter of usable living space, or roughly $5,450 and €5,150 respectively.
Most property purchases in Bergen fall within a price range of NOK 3 million to NOK 7 million (about $270,000 to $630,000 or €255,000 to €595,000), which covers around 80% of transactions in the city.
How much have property prices increased in Bergen over the past 12 months?
Property prices in Bergen increased by approximately 10% over the past 12 months, making it one of the strongest performing cities in Norway during 2025.
This growth varied somewhat by property type, with central apartments seeing gains of 9% to 12%, while detached houses in suburban areas typically rose between 7% and 10%.
The single most significant factor behind this price movement was Bergen's persistent supply shortage, as the city's mountains and coastline naturally limit where new homes can be built, keeping competition high among buyers.
Which neighborhoods have the fastest rising property prices in Bergen as of 2026?
As of early 2026, the three neighborhoods with the fastest rising property prices in Bergen are Fyllingsdalen (particularly around Oasen and Kristianborg), Laksevåg and Damsgård, and the Mindemyren/Kronstad/Møllendal corridor.
Fyllingsdalen has seen annual price growth of around 12% to 14%, while Laksevåg and Damsgård are running at roughly 10% to 12%, and the Mindemyren area is growing at approximately 9% to 11%.
The main demand driver in these neighborhoods is improved accessibility, as the completed Bybanen light rail extension to Fyllingsdalen has dramatically shortened commute times, and the ongoing waterfront regeneration in Laksevåg is attracting buyers who want a central feel without central prices.
By the way, you will find much more detailed price ranges across neighborhoods in our property pack covering the real estate market in Bergen.
We have made this infographic to give you a quick and clear snapshot of the property market in Norway. It highlights key facts like rental prices, yields, and property costs both in city centers and outside, so you can easily compare opportunities. We’ve done some research and also included useful insights about the country’s economy, like GDP, population, and interest rates, to help you understand the bigger picture.
Which property types are increasing faster in value in Bergen as of 2026?
As of early 2026, property types in Bergen rank by appreciation rate as follows: apartments are leading with the strongest gains, followed by row houses and semi-detached homes, with detached houses showing more variable but generally solid growth.
Apartments, especially 2 to 3 room units in transit-accessible locations, are appreciating at roughly 10% to 12% annually in Bergen's strongest submarkets.
The main reason apartments are outperforming is that they represent the entry point for Bergen's largest buyer segment, and recent changes to Norway's lending rules have made it easier for first-time buyers to secure financing with less equity.
Finally, if you're interested in a specific property type, you will find our latest analyses here:
- How much do properties cost in Bergen?
- How much should you pay for a house in Bergen?
- How much should you pay for an apartment in Bergen?
- How much should you pay for a studio in Bergen?
What is driving property prices up or down in Bergen as of 2026?
As of early 2026, the top three factors driving Bergen property prices are the city's severe geographic supply constraints, the recent easing of mortgage equity requirements, and the continued strength of the local job market.
The single factor with the strongest upward pressure is Bergen's natural geography, as the mountains, fjords, and coastline physically limit where developers can build, which keeps supply tight even when demand is strong.
If you want to understand these factors at a deeper level, you can read our latest property market analysis about Bergen here.
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What is the property price forecast for Bergen in 2026?
How much are property prices expected to increase in Bergen in 2026?
As of early 2026, property prices in Bergen are expected to increase by approximately 6% to 9% over the course of the year.
Forecasts from different analysts range from a conservative 5% to an optimistic 10%, depending on assumptions about interest rate cuts and new housing supply.
The main assumption underlying most forecasts is that Norges Bank will begin gradually lowering interest rates in 2026, which would improve buyer affordability and support continued price growth in Bergen.
We go deeper and try to understand how solid are these forecasts in our pack covering the property market in Bergen.
Which neighborhoods will see the highest price growth in Bergen in 2026?
As of early 2026, the neighborhoods expected to see the highest price growth in Bergen are Fyllingsdalen (around Oasen and Kristianborg), Mindemyren/Kronstad/Møllendal, and Laksevåg/Damsgård/Solheimsviken.
These top neighborhoods are projected to see price growth of 8% to 12% in 2026, outperforming the citywide average by several percentage points.
The primary catalyst driving expected growth is improved transit connectivity, particularly the established Bybanen light rail service to Fyllingsdalen and ongoing urban transformation projects that are making previously overlooked areas more desirable.
One emerging neighborhood that could surprise with higher-than-expected growth is Åsane, particularly the Ulset and Nyborg areas, as families seeking more space at lower prices increasingly look northward while transport discussions keep the area in focus.
By the way, we've written a blog article detailing what are the current best areas to invest in property in Bergen.
What property types will appreciate the most in Bergen in 2026?
As of early 2026, apartments, especially mid-sized units with 2 to 3 rooms, are expected to appreciate the most in Bergen's property market.
The projected appreciation for well-located apartments in Bergen is around 8% to 11% for the year, with the strongest performance in transit-accessible neighborhoods.
The main demand trend driving this appreciation is the combination of easier credit access for first-time buyers (thanks to lowered equity requirements) and Bergen's large population of young professionals and students who prefer apartment living.
On the other hand, large detached houses in suburban locations are expected to underperform somewhat, as high financing costs make it harder for families to stretch into the higher price brackets these properties demand.
We did some research and made this infographic to help you quickly compare rental yields of the major cities in Norway versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you’re planning to invest there.
How will interest rates affect property prices in Bergen in 2026?
As of early 2026, interest rates remain elevated but are expected to gradually decline, which should provide moderate support to Bergen property prices as buyer affordability improves over the year.
Norges Bank currently holds the policy rate at 4%, and the central bank has signaled a cautious path toward rate cuts during 2026, which typically translates to lower mortgage rates with a slight delay.
As a rule of thumb, a 1% drop in mortgage rates can increase buying power by roughly 10%, meaning a Bergen household that previously qualified for a NOK 4 million loan might qualify for NOK 4.4 million, which directly pushes up competition and prices.
You can also read our latest update about mortgage and interest rates in Norway.
What are the biggest risks for property prices in Bergen in 2026?
As of early 2026, the three biggest risks for Bergen property prices are interest rates staying higher for longer than expected, tighter bank lending behavior, and a potential deterioration in the local job market.
The risk with the highest probability of materializing is that Norges Bank delays rate cuts if inflation proves stickier than forecast, which would keep mortgage costs elevated and limit how much buyers can afford to pay.
We actually cover all these risks and their likelihoods in our pack about the real estate market in Bergen.
Is it a good time to buy a rental property in Bergen in 2026?
As of early 2026, buying a rental property in Bergen makes sense primarily for investors with a medium to long-term horizon of at least 5 years, as short-term cashflow remains challenging due to high financing costs.
The strongest argument in favor of buying now is that Bergen has structural demand drivers that are hard to replicate, including a large student population, a constrained housing supply, and steady employment, which means rental demand is durable and vacancy risk is low.
The strongest argument for waiting is that mortgage rates are still elevated at around 5% to 6%, which means rental income may not cover financing costs in the early years, and rate cuts could make the same property more affordable later.
If you want to know our latest analysis (results may differ from what you just read), you can read our assessment on whether now is a good time to buy a property in Bergen.
You'll also find a dedicated document about this specific question in our pack about real estate in Bergen.
Buying real estate in Bergen can be risky
An increasing number of foreign investors are showing interest. However, 90% of them will make mistakes. Avoid the pitfalls with our comprehensive guide.
Where will property prices be in 5 years in Bergen?
What is the 5-year property price forecast for Bergen as of 2026?
As of early 2026, cumulative property price growth in Bergen over the next 5 years is expected to fall in the range of 25% to 40%.
The range of 5-year forecasts spans from a conservative scenario of around 25% total growth (if rates stay elevated and supply increases) to an optimistic scenario of 40% or more (if rates fall faster and supply remains constrained).
This translates to a projected average annual appreciation rate of approximately 4.5% to 7% per year for Bergen properties over the 2026 to 2031 period.
The key assumption most forecasters rely on is that Norway avoids a prolonged economic downturn and that Bergen's structural supply constraints persist, keeping demand consistently ahead of available homes.
Which areas in Bergen will have the best price growth over the next 5 years?
The top three areas in Bergen expected to have the best price growth over the next 5 years are Fyllingsdalen (around Oasen and Kristianborg), Mindemyren/Kronstad/Møllendal, and Laksevåg/Damsgård/Solheimsviken.
These top-performing areas are projected to see cumulative 5-year price growth of 35% to 50%, outpacing the citywide average thanks to their combination of transit access, ongoing development, and relative affordability.
This is broadly consistent with the shorter 1-year forecast, as the same structural factors (transit, regeneration, supply constraints) that drive near-term gains will continue compounding over the longer period.
The currently undervalued area with the best potential for outperformance over 5 years is Åsane, particularly if planned transport improvements materialize, as it offers more space for families at lower entry prices than central Bergen.
What property type will give the best return in Bergen over 5 years as of 2026?
As of early 2026, mid-market apartments with 2 to 3 rooms are expected to give the best total return over 5 years in Bergen, combining solid appreciation with rental income potential.
The projected 5-year total return for well-located apartments in Bergen (including both price appreciation and rental income) is approximately 40% to 60%, depending on neighborhood and specific property characteristics.
The main structural trend favoring apartments is that they attract Bergen's largest buyer pool, including first-time buyers, young professionals, students, and downsizing retirees, which creates consistent demand and liquidity.
For investors seeking a balance of return and lower risk over 5 years, row houses and semi-detached homes in family-friendly neighborhoods offer a compelling middle ground, as they appeal to stable household types and tend to be easier to sell than unique detached houses.
How will new infrastructure projects affect property prices in Bergen over 5 years?
The top three major infrastructure projects expected to impact Bergen property prices over the next 5 years are the completed Bybanen extension to Fyllingsdalen, ongoing waterfront regeneration in Laksevåg and Damsgård, and potential future Bybanen planning toward Åsane.
Properties near completed light rail stations in Bergen typically command a price premium of 10% to 15% compared to similar homes farther from public transport, and this premium tends to solidify within 2 to 3 years of a line opening.
The neighborhoods that will benefit most from these infrastructure developments are Fyllingsdalen (already seeing gains), Laksevåg and Solheimsviken (benefiting from regeneration momentum), and potentially northern Åsane if transport projects advance.
How will population growth and other factors impact property values in Bergen in 5 years?
Bergen's population is projected to grow steadily at around 0.5% to 1% annually, and combined with limited housing supply, this is expected to maintain upward pressure on property values over the next 5 years.
The demographic shift with the strongest influence on Bergen property demand is the growing number of smaller households, as young professionals living alone and older couples downsizing both increase demand for compact apartments relative to large family homes.
Migration patterns, particularly domestic moves from smaller Norwegian towns and international student and worker arrivals, are expected to continue supporting rental demand and property values in central and transit-accessible Bergen neighborhoods.
Apartments in central and near-central neighborhoods will benefit most from these demographic trends, followed by row houses in family districts with good schools and predictable commutes.
We made this infographic to show you how property prices in Norway compare to other big cities across the region. It breaks down the average price per square meter in city centers, so you can see how cities stack up. It’s an easy way to spot where you might get the best value for your money. We hope you like it.
What is the 10 year property price outlook in Bergen?
What is the 10-year property price prediction for Bergen as of 2026?
As of early 2026, cumulative property price growth in Bergen over the next 10 years is expected to fall in the range of 55% to 90%.
The range of 10-year forecasts spans from a conservative scenario of around 55% total growth (assuming periodic slowdowns and higher-than-expected supply) to an optimistic scenario of 90% or more (if Bergen's supply constraints persist and economic conditions remain favorable).
This translates to a projected average annual appreciation rate of approximately 4.5% to 6.5% per year for Bergen properties over the 2026 to 2036 period.
The biggest uncertainty factor in making 10-year predictions for Bergen is the future path of interest rates, as a sustained shift to a higher-rate environment would significantly dampen affordability and price growth compared to a return to lower rates.
What long-term economic factors will shape property prices in Bergen?
The top three long-term economic factors that will shape Bergen property prices over the next decade are income growth and employment stability, the prevailing interest rate regime, and the housing supply response (how much Bergen can build without hitting bottlenecks).
The single factor with the most positive impact on long-term property values in Bergen is likely to be continued employment strength in key local sectors like maritime, energy, and education, as jobs ultimately drive housing demand.
The single factor that poses the greatest structural risk to Bergen property values is a prolonged period of higher interest rates, as this would persistently reduce buyer purchasing power and could trigger a repricing of what households can afford.
You'll also find a much more detailed analysis in our pack about real estate in Bergen.
What sources have we used to write this blog article?
Whether it's in our blog articles or the market analyses included in our property pack about Bergen, we always rely on the strongest methodology we can … and we don't throw out numbers at random.
We also aim to be fully transparent, so below we've listed the authoritative sources we used, and explained how we used them and the methods behind our estimates.
| Source | Why it's authoritative | How we used it |
|---|---|---|
| Statistics Norway (SSB) | Norway's official statistics office with consistent, unbiased methodology. | We used SSB to anchor baseline price trends and definitions. We cross-checked private indexes against it to avoid being misled by any single methodology. |
| SSB Statbank Table 14310 | Official queryable dataset with consistent definitions across regions. | We used it to benchmark Bergen municipality price-per-square-meter levels by dwelling type. We triangulated these levels with broker and index numbers closer to January 2026. |
| Eiendom Norge | Industry-wide dataset covering most brokered transactions in Norway. | We used it for headline national trend context and regional comparisons. We combined it with Bergen-specific sources to translate national signals into local reality. |
| EiendomsMegler 1 | Major brokerage network publishing monthly market summaries. | We used it as an easy reference for the latest month narrative aligned with Eiendom Norge. We cross-checked figures against the primary Eiendom Norge page. |
| Norges Bank Monetary Policy Report 4/2025 | Norway's central bank provides authoritative rate and housing forecasts. | We used it for interest rate path, housing market assumptions, and house price growth projections extending into 2026 to 2028. We adapted those macro assumptions to Bergen's supply constraints. |
| Norges Bank Rate Decision December 2025 | Official statement on the policy rate and forward guidance. | We used it to pin down where rates are right now and the direction of travel. We connected this directly to buyer borrowing capacity in Bergen. |
| Regjeringen.no (Lending Regulation Change) | Primary government announcement affecting mortgage access. | We used it to explain why entry-level demand can rise when equity requirements ease. We treated this as a demand tailwind for apartments and starter homes in Bergen. |
| Regjeringen.no (Lending Regulation Guidance) | Official reference tracking the framework and effective dates. | We used it to confirm that rule changes are real and in force. We also used it to keep our explanation consumer-friendly and accurate. |
| Finanstilsynet Mortgage Survey 2025 | Financial regulator's direct evidence on actual bank lending behavior. | We used it to describe credit conditions rather than guessing. We connected this to how easily buyers can stretch in Bergen when competition heats up. |
| Finanstilsynet Mortgage Survey Report | Same regulator dataset with fuller context and definitions. | We used it to support statements about borrowing patterns and risk build-up. We also used it to explain potential downside scenarios in a simple, non-alarmist way. |
| NAV Vestland | Official labor market data and local outlook for Bergen and Vestland. | We used it to ground the jobs backdrop because housing demand is ultimately job-driven. We interpreted what stable unemployment means for Bergen's price resilience. |
| Bergen Municipality Population Facts | Municipality's official snapshot of population scale and growth. | We used it to anchor population as a structural demand driver. We paired this with housing supply constraints to explain why prices don't fall easily in Bergen. |
| Miljøløftet (Bybanen to Fyllingsdalen) | Primary project-level source for major transport infrastructure. | We used it to explain why some neighborhoods near new stations get a connectivity premium. We linked the narrative to actual completed infrastructure rather than speculation. |
| FINN.no Price Statistics | Dominant marketplace with broad listing and transaction data. | We used it for neighborhood-level signals and price-per-square-meter distributions. We only used it when it clearly describes how the metric is built. |
| Krogsveen Bergen Monthly Statistics | Major brokerage explicitly stating data is built from Eiendom Norge, Eiendomsverdi, and FINN. | We used it to produce a strong January 2026 current level estimate for Bergen. We treated it as a nowcast and sanity-checked it against Eiendom Norge and FINN area pages. |
| Nordvik Bolig Bergen Sentrum Statistics | Brokerage using Eiendomsverdi and FINN-based stats with transparent methodology notes. | We used it to identify which central submarkets are running hotter or cooler over the past year. We translated submarket results into real neighborhood examples. |
| NBBL Housing Market Barometer | Tied to a well-known national housing organization focused on measured expectations. | We used it as a secondary sentiment input. We kept it in check by prioritizing Norges Bank and transaction-based statistics for forecasts. |
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If you want to go deeper, you can read the following: