Norwegian Housing market august 2025, what to expect this fall.

Av: Dato: English

Housing prices fell by 1% in July, but seasonally adjusted they increased by 0.2%. Overall, prices have risen 5.6% so far this year.

Oslo is lagging somewhat behind the rest of the country, with only 2.9% growth so far this year. The early-year forecasts of double-digit growth now look set to fall through quite thoroughly!

From a buyer’s perspective, the current market in Oslo (and in several other places) gives no reason to fear a major price surge in the near future, even if interest rates were to be cut further. It takes some time before such changes fully take effect. There are fewer homes for sale than before the summer holidays. Lower supply can influence bidding rounds and prices, but we don’t yet know how this will play out in the coming months.

Now, in mid-August, quite a few homes have already been put on the market. And there was no interest rate change this time, even though one or perhaps two rate cuts are expected during the autumn. So there are no signs that the market will take off, even though it’s the season for buying smaller homes for students, where parents often help out. In that segment, we might see some intense bidding wars.

Stay tuned for my updates ❤️

So my advice is:
Don’t let the market pressure you. Take your time planning, think about your housing needs before your investment goals – and seek guidance if you feel uncertain.

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Thinking of Buying a Home in Norway as a Foreigner? Read This Before You Place an Offer

Av: Dato: English

Buying a home in Norway as a non-resident is entirely possible — but bidding process is very different from what you might be used to in countries like the US, UK, or Australia.

The biggest difference? You must have full financing ready before you bid.

Financing Rules in Norway

All funds must be secured in advance. You must document that you have the entire purchase amount either:

  • As equity in a Norwegian bank account, or
  • Through a mortgage pre-approval from a Norwegian bank.

Both of these things are not possible unless you have registered with the Norwegian Tax Administration, obtained a D-number, and receive your salary in Norway.

Read more here:

Foreign bank confirmation:
In some cases, sellers and agents may accept a bank statement or letter from your bank in your home country — but this needs to be agreed on before bidding.

Proof to the agent: The bank (Norwegian or foreign) must confirm your financing directly to the listing agent before your offer can be accepted.  Or you use a bank statement from abroad if the seller and real estate agent accept this.

No “Cash Buyer” Perks Like in the US

In the US, “cash buyers” often get a faster closing, a discount, or the ability to bypass certain contingencies. In Norway, there’s no such advantage — because everyone must show proof of financing upfront. And offers cannot be made “subject to financing later”. It will not be accepted. If your financing is not ready, your bid usually is invalid.

Why This Matters for International Buyers

Many international buyers assume they can make an offer first, then arrange financing. In Norway, that’s not possible — the system is designed to ensure only fully funded offers are considered. While this can feel restrictive, it also makes the process faster and more predictable once your bid is accepted.

How to Prepare as a Foreigner

  • Open a Norwegian bank account early (this can take time). (if possible for you)
  • Secure mortgage pre-approval from a Norwegian bank if you need financing if (possible for you)
  • If using funds from abroad, discuss the documentation requirements with the agent well in advance.
  • Understand the bidding process — offers are legally binding the moment they’re accepted.

With experience guiding many international clients through this process, I can help you navigate the rules and avoid costly delays.

I always take time with my clients in advance to clarify this, so we can avoid delays or being denied participation in the bidding process.

DM me if you’re ready to start your home-buying journey in Norway — and let’s make sure your financing is rock solid before you bid!

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Hvorfor kan det lønne seg å være tidlig ute med boligkjøpet i høst ?

Av: Dato: Rådgivning

Sommermånedene er alltid rolige i boligmarkedet, og juli er intet unntak. Mange meglere har ferie, få nye boliger legges ut, og lageret av usolgte boliger har sunket. Men – det er i ferd med å snu. For hver dag som går, dukker det opp flere og flere nye objekter, og i midten av august kan vi forvente et mye bedre utvalg av boliger til salgs.

Hvor stort utvalget blir i høst, er for tidlig å si.Kanskje blir det like bra som i vår – kanskje ikke. Men en ting er sikkert:

Jo flere boliger som er til salgs, jo mindre press er det på hver enkelt bolig.For deg som kjøper betyr det flere alternativer, roligere budrunder og bedre forhandlingsmuligheter.

Lavere rente – mer konkurranse

Norges Bank har nylig kuttet renten litt, og flere tror dette kan være starten på den varslede rentenedgangen.

Hva betyr det for deg?

* Lavere rente = flere kjøpere på banen.
* Flere kjøpere = mer konkurranse og høyere prispress.

Men her er trikset:

Det tar tid før folk faktisk merker renteendringer og begynner å handle.Derfor kan du som er tidlig ute i høst, gjøre et bra kjøp før markedet våkner helt.

Klar for høstjakta?

Hvis du vet at du skal kjøpe bolig i år, er det lurt å starte planleggingen nå. Ja, selv om du fortsatt er i feriemodus med tærne i sanden og iskaffen i hånda.  Eller nettopp kommet tilbake fra jobb og tenker at du har nok av annet å tenke på.

Her er det du bør gjøre først:

1. Fiks finansieringsbeviset!
Du kommer ikke langt uten det. Ingen selgere godtar forbehold om finansiering lenger. Låneprosessen kan ta tid, så kom i gang – gjerne sjekk flere banker for å sikre deg best mulig tilbud.

2. Lag en liste med MÅ HA og KJEKT Å HA.
Hva er viktigst for deg? Balkong? Kort vei til jobb? Godt med lagringsplass? Skriv det ned, og vær ærlig med deg selv – og budsjettet ditt.

3. Få en realitetssjekk.
Kanskje har du større eller mindre handlingsrom enn du tror. “Money talks” – det er økonomien som avgjør hva du faktisk kan kjøpe.

Jeg hjelper deg igang – helt uforpliktende!

Er du usikker på hva du har råd til eller hvor du bør lete? Jeg tilbyr rask og uforpliktende rådgivning med oppdaterte tall for markedet og boligdatabasen Eiendomsverdi– over hele landet. Du får en ærlig oversikt over mulighetene dine – og kanskje noen tips om hvordan du kan styrke kjøpekraften din.

Er du klar for å gjøre et smart kjøp i høst?

Ikke vent til budrundene blir kaotiske og prisene begynner å løpe fra deg.

Book et uforpliktende, digitalt møte med meg allerede i dag – eller send meg en e-post.

Jeg er her for å hjelpe deg !

Vennlig  hilsen
Boligdama
Trude Larsen
Boligkjøpsrådgiver
trude@boligdama  – 950 37 330

 

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The Housing Market in Norway Right Now – And Some Summer Tips for Those Planning to Buy

Av: Dato: English

After a sharp increase in prices earlier this year, the housing market has calmed down somewhat as we head into summer. Prices have remained fairly stable over the past few months, but activity is still high — with many homes being bought and sold. Nationwide, housing prices have risen by 6.6% so far this year.

In June, we saw the first interest rate cut of the year — a modest reduction of 0.25% — but further cuts are expected throughout the autumn as inflation becomes more controlled. So far, this hasn’t had much impact on prices, but it’s quite typical for the housing market to quiet down a bit during the summer months. If interest rates continue to fall, we might see prices rising again this autumn.

However, there are large variations from region to region, so if you are considering buying a home, it’s wise to get an updated overview of the market in the area you’re interested in. Feel free to reach out to me — I’m more than happy to help you explore the opportunities where you want to live.

My Summer Plans – And My Availability for You

This summer, I’m enjoying time here in beautiful Norway — both at the cabin and with family and friends along the southern coast. This year, we also have family visiting from Canada, and we’re looking forward to showing them all the wonderful things our country has to offer.

Even though I’ll be on holiday for most of July, I always keep an eye on the housing market. If something interesting comes up, I’m never far from my phone. In fact, many people choose to list their homes early in the summer holidays, so there can definitely be good opportunities for buyers right now. Don’t hesitate to reach out if something urgent comes up.

A Small Piece of Summer Advice for Those Dreaming of Buying This Autumn
If you’re considering buying a home this autumn, I recommend using the summer wisely. When you have a bit more time and peace, it can be helpful to sit down and make a simple list of your “MUST HAVES” and “NICE TO HAVES” for your next home. This will give you clarity and confidence when the right home appears.

Wishing you a wonderful summer! Enjoy these days — and feel free to reach out if you’d like to have a nice chat about your home-buying plans in the summer sun.

Best wishes
Boligdama – Trude Larsen
e.mail: trude@boligdama.no

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