Average price of housing in Norway 2019, by city

Oslo was the Norwegian city with the most expensive apartments and houses in 2019. The average price per residential property in the Norwegian capital was approximately 5.3 million Norwegian kroner. The city above the polar circle Tromsø ranked second, with housing units costing on average nearly four million Norwegian kroner. The average property price in the country that year was 3.8 million Norwegian kroner. 2018 was the year when the number of sold properties in Norway peaked. Almost 9.5 thousand units were sold that year. In addition, over nine thousand dwellings were sold by August 2019 .

Housing types

   The largest share of Norwegian residential housing units in 2018 were detached houses, accounting for nearly half of the total housing market in the country. Moreover, a quarter of all occupied and vacant dwellings that year were blocks of flats and over one fifth were houses with two dwellings or row houses.

Where are properties the most expensive?

   Within selected worldwide property markets, Hong Kong had the most expensive housing prices in 2018. An average property would cost roughly 1.2 million U.S. dollars in the former British colony. Singapore ranked second, where the average property price amounted to roughly 874 thousand U.S dollars. European cities which were included in the ranking were London and Paris. Residential properties in these two cities cost on average more than 600 thousand U.S. dollars in 2018.

Average price of residential housing in Norway in August 2019, by city

Average price per property in NOK
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Sources

Release date

September 2019

Region

Norway

Survey time period

August 2019

Supplementary notes

The source adds the following information: "Average price - the sum of prices of all sold residential properties divided by the number of sold residential properties."

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Statistics on "Housing market in Norway"

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