Rental prices in Norway's four main cities rose 1,9 percent in the second quarter, according to Eiendom Norge.
The city index in the rental statistics for Eiendom Norge consists of the "average of the four regions". The indexes are from Oslo, Bergen, Stavanger as well as Sandnes and Trondheim.
Statistics show that in the last year, prices in four cities increased by 1,5%.
The rental housing market is back after the coronavirus pandemic that changed the pace of the rental market until 2020, when many tenants, usually students and working immigrants, returned home, says Eiendom Norge CEO Henning Lauridsen.
Apartment rental prices in major Norwegian cities. Strongest annual growth in Stavanger and Sandes
According to the organization, the biggest increases in the last year were recorded in Stavanger and Sandnes, where prices rose by 6,9 percent. In the second quarter, they increased by 2,7%.
On average, the starting price for renting a house on Finn.no is almost 22. At the same time, the asking price for renting an apartment is around 000, according to the statistics of Eiendom Norge.
- Both the housing market and the rental market in this region are now more optimistic than years ago.
According to Eiendom Norge, Oslo has had the weakest development in the last year. Lease prices increased by 0,8 percent. in the last four quarters, and by 1,9 percent in the second quarter.
For the remaining cities it looked like this:
- Bergen: up 3,1 percent in the second quarter. Last year, prices increased by 3,6 percent.
- Trondheim: Growth 0,3 percent in the second quarter. Last year it was 3,2 percent.
According to the press release, the apartment rental statistics were compiled in collaboration between Eiendom Norge, Eiendomsverdi, Finn.no and professional rental companies.
House prices
In July, house prices fell by 1,1%. on a national scale. Home prices usually fall in July, but last year prices dropped sharply after Norges Bank lowered the main rate percentage to 0. Now Norges Bank announced that the base interest rate will increase in September.
Despite the fall in housing prices in July, the price level is down 8,5 percent. higher than last year. In Oslo, prices have been dropping for five months and house prices are down 9,4%. higher than the same time last year. In Bergen, house prices rose by 1,1% in July, and in Trondheim in the same month they fell by 1,3%.
