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
Where are the best places to invest in Bergen right now? Is the city center still the top pick, or are neighborhoods like Fana, Åsane, and Laksevåg gaining ground? What makes these locations attractive to both local and foreign investors?
We’re often asked these questions because we work directly with notaries, real estate agents, and clients who invest across the city. Our firsthand experience in these markets gives us unique insights into where the real opportunities lie. To save everyone from asking privately, we’ve written this article to share our knowledge broadly.
Our goal is to highlight the hottest markets in Bergen and explain why they’re worth your attention in 2025.
If you have suggestions or want us to dive deeper into a specific area, let us know. You shoot an email, we answer within 24 hours.
1) Åsane is growing with new infrastructure projects enhancing connectivity and boosting property values
Åsane, a borough in Bergen, Norway, is buzzing with growth thanks to new infrastructure projects that are boosting property values.
The Bergen Light Rail Project is a game-changer for Åsane. With the design contract signed with COWI, Ramboll, and Asplan Viak, this project is set to transform green mobility and urban development in the area. It's all about making life better in Bergen with sustainable transport options.
Another exciting development is the Åsane tramway project, which just got the green light from the city council. This tramway will stretch 12.7 kilometers and have 14 stops, aiming to handle 60,000 journeys annually by 2040. It's a key part of Bergen’s Miljøløftet, which focuses on cutting down motor traffic and boosting environmental sustainability.
These projects are not just about transport; they're about enhancing the overall quality of life in Åsane. With improved connectivity, residents can enjoy easier access to the city and beyond, making it a more attractive place to live.
As these infrastructure projects progress, Åsane is becoming a hotspot for property investment. The improved transport links are expected to drive up property values, making it a smart choice for potential buyers.
With all these developments, Åsane is on the map as a thriving community with a bright future. The combination of sustainable transport and urban growth is reshaping the borough into a modern, connected area.
Sources: Bergen Light Rail Project, Åsane Tramway Project
Here is a serene view of Åsane, showcasing modern housing developments that highlight the area's growing appeal, driven by improved infrastructure and connectivity. (Source: Optibo Utbygging AS)
2) Minde is gaining attention for its commercial and residential developments, offering promising investment opportunities
Minde is becoming a hotspot for property investment thanks to its blend of commercial and residential growth.
In Bergen, property prices have been climbing steadily, and Minde is riding this wave. This upward trend suggests that investing in Minde could be a smart move as property values continue to rise.
While specific data for Minde isn't available, Bergen's real estate scene is buzzing with new projects. This activity is likely spilling over into Minde, making it a promising area for development.
The Norwegian government sweetens the deal with tax incentives for real estate investors, making Minde even more appealing for those looking to invest in property.
Bergen's population is growing, which means more people need places to live. Minde benefits from this demand, especially with its improved infrastructure and transport links.
Rental yields in Bergen are on the rise, outpacing neighboring areas. This trend highlights the potential for lucrative returns in Minde, making it a prime spot for investment.
Sources: Global Property Guide, Semi-Retired MD, CRE Daily
We created this infographic to give you a simple idea of how much it costs to buy property in different parts of Norway. As you can see, it breaks down price ranges and property types for popular cities in the country. We hope this makes it easier to explore your options and understand the market.
3) Solheimsviken is gaining attention for its waterfront redevelopment projects, boosting property values
Solheimsviken is quickly becoming a sought-after real estate hotspot.
One of the main reasons for this surge is the steady rise in property prices. In 2024, house prices in Bergen, including Solheimsviken, went up by 2.7%. This consistent increase over the years highlights the growing appeal of the area. The charm of Solheimsviken is not just in its numbers but in its transformation into a vibrant community.
A significant driver of this transformation is the investment in waterfront redevelopment projects. The Solheimsviken Project is a game-changer, featuring new conference and exhibition halls, a business center, and a luxurious 240-bed 5-star hotel with spa facilities. These aren't just new buildings; they are reshaping the area into a lively and attractive place to live and work, drawing in both locals and newcomers.
Infrastructure improvements are also making a big impact. The new tram line, Bybanen, is under construction and will soon connect Solheimsviken to other parts of the city. This enhanced connectivity is crucial for attracting residents and businesses alike, making daily commutes easier and more efficient. Such developments are pivotal in putting Solheimsviken on the map.
Insider knowledge suggests that the waterfront redevelopment is not just about aesthetics. These projects are enhancing property values significantly, making it a prime location for investment. The area is buzzing with potential, and those in the know are already seeing the benefits of getting in early.
With all these developments, it's clear that Solheimsviken is on the rise. The combination of rising property values, strategic investments, and improved infrastructure is creating a perfect storm for real estate growth. The area is becoming a magnet for those looking to invest in a promising future.
Sources: Statista, e-architect
4) Arna is attracting interest with its scenic landscapes and improved transport links, ideal for long-term investments
Arna is gaining traction as a hotspot for long-term property investments.
Imagine waking up to the breathtaking views of Bergen's harbor, lush hills, and rugged coastline. This natural beauty is a magnet for tourists and investors alike, making Arna a prime spot for those eyeing property investments. The charm of the landscape isn't just for postcards; it's a real draw for anyone considering putting down roots or investing in the area.
But it's not just about the views. Arna has seen major upgrades in transport links and infrastructure, making it more accessible than ever. A 2023 local market update highlights how these improvements have boosted the area's appeal. With better commuting options, more people are finding it easier to live and work in Arna, which naturally makes it a more attractive investment opportunity.
Let's talk numbers. The real estate market in Bergen County is on the rise, with property values climbing steadily. In 2023, the median sales price in Bergen County jumped by 15.6%, signaling a robust market. This upward trend suggests that investing in Arna could be a smart move for those looking to capitalize on increasing property values.
For anyone considering a long-term investment, Arna offers a compelling mix of natural beauty and improved accessibility. The combination of scenic landscapes and enhanced transport links makes it a standout choice for property buyers. With the real estate market showing positive growth, it's no wonder Arna is catching the eye of savvy investors.
Sources: Bergen County Real Estate Data, Bergen's Natural and Creative Wonders
5) Kronstad is gaining interest for its proximity to the University of Bergen, boosting demand for student housing
Kronstad is gaining popularity due to its closeness to the University of Bergen.
With around 20,000 students at the University of Bergen, many are eager to find housing nearby. This surge in demand is largely because students want to be close to campus, making Kronstad a prime spot for student accommodation.
Students are increasingly looking for affordable housing options. In 2023, dorm rental costs jumped by 7%, pushing many to seek cheaper alternatives off-campus. Kronstad, with its proximity and potential for lower costs, is becoming a top choice.
Rental prices in Kronstad are climbing quickly. The average rent for student housing rose by 8.8% over the past year, outpacing the 4.5% increase seen in multifamily housing. This trend highlights Kronstad's growing appeal among students.
As more students flock to Kronstad, the area is transforming into a vibrant student hub. The demand for housing here is not just about affordability but also about the lifestyle and convenience it offers.
With its strategic location and rising popularity, Kronstad is becoming a key player in Bergen's student housing market.
Sources: Inside Higher Ed, Newbie Real Estate Investing
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6) Laksevåg is gaining interest for its industrial-to-residential transformation and high rental yields
Laksevåg is quickly becoming a sought-after place to live, thanks to its shift from an industrial zone to a lively residential area.
The old Laksevåg shipyard, a key industrial site since 1805, is now a focal point of this transformation. Urban development has breathed new life into the area, making it more appealing for potential homeowners. The local government has been instrumental in this change, backing projects that offer a mix of housing options. This includes homes for students, families, and seniors, which has spurred a boom in residential projects.
In these former industrial spaces, there's a development potential of up to 145,000 m² BRA, showcasing the area's capacity for growth. Real estate agencies are taking note, marking Laksevåg as a new hotspot for both investors and residents. The transformation is drawing attention, with rental yields in Laksevåg at 4.90% for a 3-bedroom apartment, outpacing other cities like Oslo and Trondheim.
For those considering a property investment, Laksevåg offers a promising opportunity. The area's evolution into a residential hub is not just about new buildings; it's about creating a community. The blend of housing types caters to diverse needs, making it an attractive option for a wide range of people.
As more people discover Laksevåg, the demand for housing is likely to continue rising. This demand is driven by the area's strategic location and the quality of life it offers. Investors are particularly drawn to the high rental yields, which promise good returns.
With its rich history and modern development, Laksevåg is a unique blend of the old and new. The area's transformation is a testament to the power of urban renewal, turning industrial spaces into thriving residential communities.
Source: Global Property Guide
7) Landås is attracting investors with its potential for property appreciation driven by ongoing urban development
Landås is catching the eye of investors thanks to its promising potential for property appreciation driven by urban development in Bergen.
In Bergen, property prices have been climbing, and Landås is no exception. For instance, areas like Bergen-Lafayette have seen a notable 24.1% increase in list prices since October 2023. This upward trend is a clear sign of the growing demand and interest in the region.
Bergen is buzzing with urban development, especially in the Dokken district. This area is being transformed into a car-free, zero-emissions neighborhood, featuring affordable housing and businesses. These changes are part of a grand plan to create a regenerative city, making it a hot spot for both residents and investors.
The Bergen Municipality is also rolling out infrastructure improvements. They're working on reconnecting public spaces to the North Sea and using nature-based strategies to combat flooding. Such enhancements are set to boost Landås's appeal, as better infrastructure often leads to increased property values.
With these developments, Landås is becoming more attractive to potential buyers. The ongoing urban projects and infrastructure upgrades are making it a prime location for investment. Investors are keen on the area's potential for growth and appreciation.
As Bergen continues to evolve, Landås stands out as a promising area for property investment. The combination of urban development and infrastructure improvements is creating a vibrant and appealing environment. It's no wonder investors are taking notice.
Sources: SSB, ArchDaily, Rocket Homes, Planetizen
8) Nygårdshøyden is thriving with its vibrant cultural scene and high rental demand from young professionals
Nygårdshøyden is a hotspot for young professionals due to its lively cultural scene and high rental demand.
In Bergen, especially in Nygårdshøyden, the cultural vibe is electric. Events like the Bergen International Festival bring in crowds with music, ballet, and opera, making it a magnet for both locals and tourists. The Grieg Hall is a key player here, hosting a variety of concerts and events all year round.
What makes Nygårdshøyden even more appealing is its connection to Bergen's booming tech and tourism sectors. These industries are thriving, particularly in central areas, which keeps the rental market buzzing. Young professionals are drawn to this dynamic environment, eager to be part of the action.
Educational institutions in Bergen also play a big role in shaping the area's vibe. They attract a youthful crowd, which naturally gravitates towards renting in places like Nygårdshøyden, where culture and convenience meet.
For those considering a move, Nygårdshøyden offers a unique blend of cultural richness and professional opportunities. It's a place where you can enjoy a concert one night and network with tech innovators the next.
Living in Nygårdshøyden means being at the heart of Bergen's cultural and economic pulse. It's a place where young professionals can thrive, surrounded by art, music, and a community of like-minded individuals.
Sources: Visit Bergen, Hurghadians Property, Statista
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.
9) Sandsli is popular with tech professionals for its closeness to business parks, creating a competitive rental market
Sandsli is a hotspot for tech professionals because it's close to Bergen's major business parks.
Imagine living just a stone's throw away from where you work. That's the reality for many tech workers in Sandsli, much like those near the Dhirubhai Ambani Knowledge City in Navi Mumbai. This area is buzzing with tech activity, making it a prime location for those in the industry.
The tech industry is on fire, with job growth in computer and information technology fields outpacing other sectors. This boom is pushing more tech professionals to consider Sandsli as their new home base.
With more tech workers moving in, rental prices in Sandsli are climbing. It's a classic case of supply and demand, where the influx of tech talent is making the rental market more competitive.
For those eyeing a move to Sandsli, it's worth noting that the area's appeal is largely due to its strategic location. Being close to tech hubs means less commute time and more opportunities to network and grow in the industry.
As the tech scene continues to expand, Sandsli's rental market is expected to remain competitive, driven by the steady stream of professionals seeking proximity to their workplaces.
Sources: Bureau of Labor Statistics, Wikipedia, Enso Connect
10) Sandviken is gaining interest for its historic charm and rising demand for renovated properties with fjord views
Sandviken is a hot market thanks to its historic charm and demand for fjord-view properties.
In recent years, property prices in Bergen have been climbing, and Sandviken is no exception. Buyers are drawn to the area for its unique and scenic views, especially those properties that have been renovated to offer stunning fjord vistas. This surge in interest is partly because many believe interest rates have peaked, making it a good time to buy.
Sandviken's allure is not just about the views; it's also about Bergen's rich history. The city is home to landmarks like the Bryggen Hanseatic Wharf, which attracts both tourists and potential buyers. This historic charm, combined with the natural beauty, makes Sandviken a prime spot for homebuyers.
Real estate agents in the area have noticed a significant uptick in interest, with many buyers eager to invest in properties that offer both history and breathtaking views. The media and travel blogs often highlight Bergen's scenic beauty and historic sites, further boosting Sandviken's appeal.
With a shortage of new homes, the demand for existing properties, especially those with fjord views, is expected to continue rising. This trend is likely to persist into 2025, making Sandviken an increasingly desirable location.
For those considering a move, Sandviken offers a unique blend of history, beauty, and opportunity, making it a standout choice in the Bergen area.
Sources: Eiendom Norge, Maggie Toler, Country Spouse Travel, Ground News
While this article provides thoughtful analysis and insights based on credible and carefully selected sources, it is not, and should never be considered, financial advice. We put significant effort into researching, aggregating, and analyzing data to present you with an informed perspective. However, every analysis reflects subjective choices, such as the selection of sources and methodologies, and no single piece can encompass the full complexity of the market. Always conduct your own research, seek professional advice, and make decisions based on your own judgment. Any financial risks or losses remain your responsibility. Finally, please note that we are not affiliated to any of the sources provided. Our analysis remains then 100% impartial.