99% of what you need to know before buying real estate in Norway

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THE NORWEGIAN PROPERTY MARKET IN 2024

If you're thinking about buying property in the Land of the Midnight Sun, there are a few things you should know about the market.

Skip the lengthy 100-page reports filled with complex words, old info, and unsupported opinions. This document is different. Data is fresh and presented in easy words, useful graphs, and engaging charts.

After just 20 minutes of reading, you'll know more than 95% of people considering property investment in Norway.

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PRICES, RENTS AND YIELDS IN NORWAY IN 2024

What's the price range for a house in Oslo? Where are the highest property yields in Norway? How much can you earn in rental income from properties in Bergen?

This report will give you solid answers, using data sourced from our analysis of over 1,700 properties that have been available on the market. Then, you will know what you can expect when you're hunting for properties.

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ANALYSIS - IS NOW A GOOD TIME TO BUY?

Is now a good time to invest in property in Norway? Some might argue in favor, but your Norwegian friends might have differing perspectives. Remember, opinions can vary and aren't always firmly grounded.

In this document, we take the last notable trends in Norway (prices, yields, inflation, political climate, investor confidence, etc.) and tell you what they mean. Then, you can decide to go ahead or not.

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ANATOMY OF A GOOD / BAD PROPERTY DEAL

Did you check out a property you're thinking of buying? Not sure if it will make a good investment? Well, it's actually not too hard to determine.

Bad property investments in Norway always follow the same pattern. If we check certain things, we can easily determine if an investment is likely to fail or not. Wondering what to check? This document has all the answers for you.

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THE FULL BUYING PROCESS, STEP BY STEP

Do you need a notary or a lawyer? When do we give the deposit in Norway? How do you ensure proper property ownership? Are there any particularly error-prone stages?

From the start of your property search to the moment you obtain the keys of your property, this document will be your go-to guide. Use it frequently to double-check every important aspect to ensure nothing is overlooked and that everything is progressing as it should.

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25 CONTACTS TO BUY A PROPERTY IN NORWAY

The right people can make you save time and money. With that in mind, we've compiled a complete list of contacts you'll find indispensable while buying property in Norway. From A to Z, we've got you covered.

Inside this document, you'll have access to: Norwegian real estate agents, property listing websites, Norwegian real estate lawyers, property insurance agents, property managers, moving companies, and even expat communities in Norway.

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WHAT YOU NEED TO CHECK BEFORE BUYING

Misinterpreting 'Dokumentavgift,' overlooking 'Boplikt' regulations, and not considering 'Eiendomsmegler' roles... there are common pitfalls when purchasing property in Norway.

Without knowing the legal and cultural landscape well, it's easy to fall into common traps that have led many to regrettable financial outcomes. Don't be another one.

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ALL THE DOCUMENTS AND WHAT THEY MEAN

Can you explain the concept of 'Grunnbokutskrift' (Land Register Extract) in Norway? What is the significance of 'Eiendomsskatt' (Property Tax)? Do you know about 'Festekontrakt'?

Our team has reviewed all the documents you'll encounter when dealing with property – whether you're buying, renting, selling, or living in one. Each document is explained briefly: its purpose, when to use it, who provides it, and key things to be cautious about.

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WHERE AND HOW TO GET A MORTGAGE AS A FOREIGNER

If you're seeking financing options in Norway, this guide will prove to be highly valuable.

We have gathered all the information you need to apply for a mortgage with banks in Norway. This includes details on eligible banks, step-by-step guidance for the entire process, and helpful tips to increase your chances of getting approved. We also highlight common mistakes to avoid.

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HOW TO RENT OUT QUICKLY

To quickly rent out your property in Norway, it's beneficial to be well-informed about Norwegian societal norms.

You might not know where to find tenants fast, how to set the right rent, or what to put in the rental agreement.

Here are some useful tips, with insider knowledge, that will help you save time and money.

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FOCUS ON BERGEN

If the beauty of fjords and colorful waterfront buildings captivate you, relishing in seafood like Norwegian salmon is a pleasure, and you appreciate a mix of nature and urban life, Bergen is ideal.

This report offers solid facts and data about this place: neighborhood analysis, yields, rentals, budget-based options, market strategies, and pitfalls.

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FOCUS ON TROMSØ

If the Northern Lights hold a special fascination for you, embracing Arctic adventures is an exciting endeavor, and you're captivated by polar landscapes, Tromsø is where the North calls to you.

Uncover the region's advantages and disadvantages, projected yields, insights into the short-term rental market, prime locations for competitive prices, etc.

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FOCUS ON OSLO

If the blend of fjords and urban sophistication intrigues you, enjoy savoring Norwegian dishes like salmon and aquavit, and appreciate a city's connection to nature and a high quality of life, Oslo calls.

After reading this report, which will take you around 20 minutes, you'll have 95% of the knowledge you need to make the right choice about investing in property in Oslo.