What is Megler's role in Norway and why should you use a real estate agent when buying a property in Norway?
Investing in real estate is one of the popular strategies for safely investing capital. Population in the world increases from year to year. Globally, of course.
Since everyone wants to live somewhere, the demand for real estate is increasing. The preferences and tastes of people living in given properties are also changing. On price increase and real estate values are also influenced by the limited availability of land for new construction. The Earth will not suddenly expand because we want to build more. Limited availability of new areas and the high costs of their development are another factor in the price increase.
Read our next article: Buying a property in Norway step by step
Additionally, the prices of goods, materials and labor costs are gradually increasing. This translates into calculation prices per square meter of a newly built apartment or home. The lack of availability of construction teams is increasingly bothering developers construction industry. This, of course, affects subsequent postponements of the deadlines for putting the apartment into use and, of course, real estate prices.
Increase in property value
Property prices fluctuate, of course. This happens in every economic cycle. Currently, the demand for residential real estate is higher than their availability (supply). This, of course, entails an increase in prices.
Norwegian real estate market - summary 2022.
The average house price in Norway at the end of December was NOK 4.
Average annual price increase: + 1,5%
Number sold real estate in Norway: 91 properties.
Five benefits of buying a property in Norway:
- There is a high probability that the value of your property will increase.
- When you pay "rent", you pay your own rent mortgage.
- You have the opportunity to increase the value of your home by modernizing, renovating or expanding.
- As a homeowner, you can rent all or part of your home and earn extra income
- Fradrag tax credit (tax deduction for 2022 is 22% of interest costs)
- If you own real estate and are registered at the real estate address for at least 12 months from the date of purchase, you are exempt from paying property tax. real estate sales.
High probability of an increase in the value of real estate - where should you invest?!
. Development of real estate prices in Norway:
North beach
+1,6% annual growth
Price per square meter NOK 76
Grorud
Annual increment
+5% annual growth
Price per square meter 62kr
Old Oslo
Annual increment
+3% annual growth
Price per square meter 92kr
Ullern
Annual increment
+2,5% annual growth
Price per square meter 90kr
Stovner
Annual increment
+0,4% annual growth
Price per square meter 52kr
The saws
Annual increment
+2,7% annual growth
Price per square meter 98kr
Bjerke
Annual increment
+3% annual growth
Price per square meter 73kr
Grünerløkka
Annual increment
+2,8% annual growth
Price per square meter 93kr
frogner
Annual increment
+1,7% annual growth
Price per square meter 107kr
Sondra Nordstrand
Annual increment
+2,5% annual growth
Price per square meter 51kr
Lillestrøm
Annual increment
+1,5% annual growth
Price per square meter 46 kr
Asker/Bærum
Annual increment
Annual decrease -1,5%
Price per square meter 66 kr
Drammen
Annual increment
Annual increase +3,7%
Price per square meter 45kr
Eidsvoll
Annual increment
Annual increase +6%
Price per square meter 38 kr
Fredrikstand
Annual increment
Annual increase +2,7%
Price per square meter 39 kr
Halden
Annual increment
Annual increase +3%
Price per square meter 31 kr
Kongsberg
Annual increment
Annual increase +0,5%
Price per square meter 34 kr
Moss
Annual increment
Annual increase +1,9%
Price per square meter 43 kr
Vestby
Annual increment
Annual increase +2,9%
Price per square meter 49 kr
Ringerike
Annual increment
Annual increase +0,2%
Price per square meter 32 kr
Kristiansund
Annual increment
Annual increase +2,7%
Price per square meter 23 kr
Molde
Annual increment
Annual increase +2,5%
Price per square meter 33 kr
Trondheim
Annual increment
Annual increase +1,4%
Price per square meter 51 kr
Ålesund
Annual increment
Annual increase +4,4%
Price per square meter 36 kr
Kristiansand
Annual increment
Annual increase +5%
Price per square meter 34 kr
Arendal
Annual increment
Annual increase +10%
Price per square meter 30 kr
Bergen
Annual increment
Annual increase +0,5%
Price per square meter 48 kr
Bumble
Annual increment
Annual increase +1,9%
Price per square meter 26 kr
Holmenstrand
Annual increment
Annual increase +0,2%
Price per square meter 35 kr
Horten
Annual increment
Annual increase +4,5%
Price per square meter 37 kr
Kragerø
Annual increment
Annual increase +4,1%
Price per square meter 25 kr
Larvik
Annual increment
Annual increase +1,8%
Price per square meter 34 kr
Notodden
Annual increment
Annual increase +1,9%
Price per square meter 20 kr
Porsgrunn/ Skien
Annual increment
Annual increase +3%
Price per square meter 28 kr
Sandefjord
Annual increment
Annual increase +3,8%
Price per square meter 36 kr
Tonsberg
Annual increment
Annual increase +3,8%
Price per square meter 46 kr
Need help with buying real estate in Norway?! Excellent. You are in the right place.
My services related to assistance in purchasing real estate include: intermediation services in granting mortgage loan from a bank, assistance in finding real estate, translation of real estate documentation, execution of a contract, checking the legal status of real estate.
I cordially invite you to contact me.
Aleksandra Ostrowska real estate agent.
E-mail [email protected]
Mobile: 40754036
Facebook: https://www.facebook.com/aleksandraostrowskaeiendom
