Authored by the expert who managed and guided the team behind the Norway Property Pack
Yes, the analysis of Oslo's property market is included in our pack
Where are the best places to invest in Oslo right now? Is Grünerløkka still the top pick, or are neighborhoods like Majorstuen, Frogner, and Tjuvholmen 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 Oslo 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.
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1) Nydalen is gaining attention as a real estate hotspot with its expanding business district and student population
Nydalen is quickly becoming a real estate hotspot thanks to its dynamic business district and vibrant student life.
The area has seen a surge in property prices, especially after 2023, driven by revitalization efforts and booming business activities. This upward trend makes Nydalen an attractive option for property buyers looking for promising investments.
A major catalyst for this transformation is the expansion of the BI Norwegian Business School Campus. By consolidating Oslo’s three business schools into one, the campus now hosts around 10-12,000 students, tutors, and staff, significantly boosting demand for rental properties and local amenities.
New residential projects like the Vertikal Nydalen building are adding to the area's allure. These developments offer a lively mix of residential apartments, office spaces, and restaurants, creating a vibrant community atmosphere.
Enhanced public transportation, including a refurbished underground station, has made commuting a breeze for both students and professionals, further increasing Nydalen's appeal.
With these developments, Nydalen is not just a place to live but a thriving community where business and education meet, making it a prime spot for real estate investment.
Sources: Eiendom Norge, Designboom, Niels Torp
2) Løren is gaining interest with new residential projects and improved infrastructure boosting its investment potential
Løren is quickly becoming a hotspot for property investment.
One of the main reasons is the surge in new residential projects. Take Veidekke's Lille Løren Park Project, for example, which is bringing in 355 eco-friendly apartments and a kindergarten. Construction is already in full swing, with completion expected by the end of 2025. Then there's the Løren Botaniske Project, which will add 385 more apartments to the mix, emphasizing sustainable and community-focused living.
Public transportation and infrastructure upgrades are also boosting Løren's appeal. Thanks to the Oslo Package 3 initiative, the metro system has seen significant improvements, including the addition of new stations like Løren Station. This has made getting around much easier, making Løren a more attractive place to live and invest in.
With property prices rising in Oslo and a high demand for housing, Løren is becoming a sought-after neighborhood. Families are particularly drawn to the area because of its improved amenities, such as schools and parks. The focus on eco-friendly urban projects and modern amenities has led to high levels of resident satisfaction, as seen in glowing reviews and testimonials.
Media coverage has also spotlighted Løren as an up-and-coming neighborhood, catching the eye of potential investors and residents. The buzz around Løren is hard to ignore, and it's clear that the area is on the rise.
Sources: Veidekke's Lille Løren Park Project, Oslo Package 3, Property Prices in Oslo, Real Estate Trends in Oslo
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.
3) St. Hanshaugen is gaining interest for its green spaces and urban lifestyle, driving up property prices
St. Hanshaugen is becoming a hotspot for property buyers due to its unique combination of green spaces and urban living. This area in Oslo is seeing a rise in property prices, which is expected to continue growing, as forecasted by Eiendom Norge, with a 6% increase in 2024 and potentially more in 2025.
The demand for properties in St. Hanshaugen is on the rise, as reported by local real estate agencies. This is partly because Oslo, including St. Hanshaugen, has a high percentage of green spaces, with 98% of the population living within 300 meters of a green area. This accessibility to nature is a significant draw for buyers.
Moreover, media reports highlight St. Hanshaugen as a desirable area for young professionals and families, thanks to its vibrant cultural scene and new amenities. The development of new cultural and commercial spaces is further driving up demand and property values, making it an attractive place to live.
Sources: Eiendom Norge, Oslo Kommune, Housingtarget.com
4) Sørenga is thriving with its waterfront living and modern apartments, driving high demand and price growth
Sørenga has become a popular spot for waterfront living and modern apartments, which has led to high demand and price increases. One of the main reasons is the area's transformation from an industrial site to a vibrant residential and commercial hub. This change has attracted many buyers, contributing to increased sales of modern apartments.
The development of Sørenga as a residential neighborhood has resulted in high occupancy rates. The area offers a variety of appealing amenities, such as a seawater pool and a beach, which draw in residents. This high demand for apartments has naturally led to high occupancy rates in Sørenga developments.
Moreover, the ongoing investment in infrastructure and amenities as part of the broader Fjord City vision has played a significant role. This includes the creation of new residential areas, commercial spaces, and recreational facilities, making Sørenga an even more attractive place to live.
Sources: Life in Norway, CBRE, Wikipedia
5) Lilleaker is attracting interest for its suburban charm and easy city access, driving family home sales
Lilleaker is gaining traction among families for its suburban charm and easy city access.
Thanks to improved public transportation, getting to central Oslo is a breeze. The Lilleaker Line and the upcoming Fornebubanen subway line make commuting simple, so families can enjoy suburban peace without feeling cut off from city life.
New amenities are popping up, making Lilleaker even more attractive. The Lilleakerbyen project is a big draw, aiming to create a lively community with residential housing, shops, restaurants, and parks. It's shaping up to be a perfect spot for family life.
Families are noticing the benefits of living in Lilleaker. The area offers a quieter lifestyle while still being close to the hustle and bustle of Oslo. This balance is what makes it so appealing.
With these developments, Lilleaker is becoming a sought-after location for those looking to settle down. The combination of suburban tranquility and city convenience is hard to resist.
As more families move in, the community is growing, adding to the area's charm. Lilleaker is quickly becoming a favorite for those seeking a family-friendly environment with all the perks of city living.
Sources: Eiendom Norge, Wikipedia, Scan Magazine
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6) Bjørvika is booming with its modern waterfront developments and luxury apartments
Bjørvika has become a hot market in Oslo, largely due to its modern waterfront developments and luxury apartment offerings. In 2024, housing prices in Norway rose by 5.9%, with Oslo experiencing significant growth. Bjørvika's luxury apartments, in particular, saw substantial price increases, highlighting the area's popularity and limited housing stock.
The demand for luxury apartments in Bjørvika is driven by its trendy appeal and modern architecture. The neighborhood is well-connected, with plenty of buses and trams linking it to other parts of Oslo, making it an attractive location for new residents. This connectivity, combined with the area's contemporary art galleries and cultural facilities, keeps occupancy rates high.
Media coverage has also played a role in highlighting Bjørvika's appeal. Publications have praised its striking modernist buildings, such as the Oslo Opera House and the Munch Museum, which are major attractions in the city. These amenities, along with the area's proximity to the fjord, where residents can enjoy swimming and sauna facilities, contribute to its desirability.
Sources: Norway with Pål, Princess Cruises Journey Magazine, Eiendom Norge
7) Ekeberg is gaining attention for its scenic views and rising property values, attracting nature enthusiasts
Ekeberg has been drawing significant interest for its scenic views and increasing property values, making it particularly appealing to nature lovers. In the past few years, property prices in Ekeberg have been on the rise, with projections indicating continued growth due to its beautiful landscapes and natural surroundings.
The demand for homes with scenic views in Ekeberg is notably high, as real estate listings frequently highlight the area's natural beauty. This emphasis on nature-rich living environments aligns with the preferences of many Oslo residents, who generally favor such settings.
Ekebergparken, a large public sculpture and cultural heritage park, offers extensive hiking opportunities and extraordinary views, attracting outdoor enthusiasts and nature lovers. The park's ongoing development, including the integration of more artworks, enhances its appeal.
Sources: Ekebergparken, Eiendom Norge, Wallpaper
8) Ensjø is promising for future growth with new developments and improved transport links
Ensjø is transforming with new developments and transport links, making it a promising area for future growth. In the past, specifically in 2023 and 2024, Oslo saw a stabilization in housing prices, which is a positive sign for property values in areas like Ensjø. This trend, combined with the expected 5% growth in house prices nationwide by 2025, suggests a favorable outlook for property investments in the region.
Moreover, the National Transport Plan 2022–2033 has outlined significant investments in the national road network and rail infrastructure. These improvements are likely to enhance connectivity and accessibility for Ensjø, making it more attractive for residents and businesses. Although Ensjø is not specifically mentioned, the broader focus on sustainable mobility and urban development in Oslo implies that areas like Ensjø could benefit from these initiatives.
Additionally, the success of startups and scaleups in the Oslo region, which includes Ensjø, indicates potential for economic growth and property value appreciation. The city's commitment to becoming the world’s first emissions-free city by 2030 further supports the idea that Ensjø could be part of broader urban development strategies aimed at sustainable growth.
Sources: Oslo Business Region, National Transport Plan 2022–2033, Oslo: A model for sustainable mobility
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.