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Oslo and Stavanger are in different worlds, check out the latest map of the Norwegian housing market's growth and potential.
The chief economist expects house prices to rise in Oslo by 18,8%. In the years 2020-2023. This is by far the strongest growth among the largest Norwegian cities. At the other end is Stavanger with an expected increase of only 5 percent.
. A big blow for Stavanger
Stavanger was hit hard by the krona as the oil price plunged and hit the oil industry. This also applies to the larger area of Rogaland and Vestland, where most of the oil industry is located. We expect a clear real drop in prices there - he continues.
Also read about home insurance or watch our video.
The actual fall in prices means that prices are below the general price increase in society, the consumer price index - CPI. According to experts, the CPI is to grow by 2-3 percent. Annually.
Below we have recreated a map of differences from Samfunnsøkonomisk Analyze for eleven counties in Norway.
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Negative growth
In the inland region, which has partially negative population growth, we expect a weak price increase, while in Tromsø we are seeing a significant influx and a limited number of construction works, comments Benedictow. And that means high inflation.
In fact, according to Eiendom Norge, Tromsø is the second largest price increase among major cities in the past ten years. The increase in Arctic City is as high as 76%, second only to the sovereign Oslo (103%). The two largest cities with the weakest growth during this period are Stavanger with 12% and Kristiansand with 20%.
summarizing
It's worth buying house or apartment, you always gain after the sale, and if you decide to return to Poland, you treat your stay in Norway as a 100% investment. .
