Merry Christmas and a happy home buying year

Av: Dato: English

Christmas and a new year is coming. Time to look a little bit back, but mostly forward

New rules for home buying in Norway from 2022

As you probably know new rules come into action from 1.1.22.  The buyer will be better informed on the state of the property and other factors that are important for the deal.

But there will also be more information to read and interpret and a danger of “information overflow” for the buyer.   And the duty of inspection has been tightened. Therefore, you must be aware of not missing important information before you give a bid. The bid is binding in Norway, remember.

I am ready to help you with going through all the sales material on a home you want to buy and ensure you that no questions are unanswered.  If you do not read Norwegian well, I think it is unresponsible to give bid on a property.

So just contact me if you need my help. It is not as expensive as you think, and essential for securing you investment.

Next year I will collaborate with a surveyor and expert in construction to help you to find out how you can renovate a property, change it a bit and what it will cost.  It is quite rare that the property is designed and renovated exactly the way you want it.  Because the bid is binding it is essential to know that you are able to do the changes you need BEFORE you give a bid.  So far, I have been able to help my customers in some extent, but with this collaboration the advice and help will be really professional and substantial.

Price development in 2022

The statistics for 2021 shows that the prices have increased with 6% in Norway.  In Oslo it has increased with 2,5%.  Oslo had a very big increase in 2020 and in 2021it has been a correction.  But still the prices in Oslo are on a very high level.

The experts forecast a moderate price development in 2022.  2,5 to 3%.  This is due to expected increase in mortgage interest.  Also the high energy prices will influence on people’s purchasing power.  It was a very active housing market in 2020, and some experts believe that many people will stay steady for a while, without further moving.

I also believe in a moderate price development.  This is a better situation when you want to buy.  Then the bidding rounds will be calmer and a bit more predictable.

2022 will be a good home buying year

I have finished a good year.  Many new customers.  To help people to secure the investment of their life gives me a lot of energy and joy.  Many English speakers have approached me for help with the home buying.  You are welcome to contact me for a digital meeting for discussing your possibilities on the Norwegian Housing Market and how I can help you.

I will celebrate Christmas in my winter cabin in the mountains.  With my children and grandchildren.  Very sad with restrictions this year also, but I am happy to have the family around.

Merry Christmas and happy new year

From Boligdama

Do you want a free booklet about home buying in Norway, click here.  New edition.


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What are the penalties for a walk-away buyer?

Av: Dato: English

As you hopefully know the bid on a property is binding in Norway.  There are no regrets. But what will happen if you walk away after giving a bid?

I got this question from a reader of my blog:

Thank you for your cool articles on
I keep hearing about the biding process being binding. Where can I read about the penalties for a walk-away buyer? If you could point me towards a website or Norwegian legislation(even if not in english), that would be great!

Thank you and keep up the great work!

Best, Jon


It is a very good question, and I am glad that Jon asked.  Because it is quite common knowledge in Norway how this work, I didn’t think about explaining this to my English speaking readers.

It is a violation of the law to walk away from the purchase deal

Because the bid is binding it is a violation of the law for the buyer to walk away from the deal or purchase.

This is according to the Norwegian “Avhendingsloven” or the Disposal /Alienation Act)

Which sanctions or demands will the seller have if the buyer breaks or walk away from the purchase or fails to fulfil the agreement that is done by the bid: 

  1. Demand that the buyer fulfils the agreement
  2. Cancel the purchase
  3. Claim compensation for failure to fulfill the agreement
  4. Held back the take over of the property to the buyer
  5. Demand payment of default interest (when paying the purchase to late)

This is a private law matter.  But this law, “Avtaleloven” has a very strong position in the Norwegian legal system. The government will not come after you if you break a deal like this.  But the other part in the agreement, the seller, can take you to court if you don’t fulfil your obligations made through your bid.

The outcome of these regret/walk away cases will vary.

If it is just a matter of pure regret, the seller will, with assistance from the real estate agent, insist on the fulfilment of the purchase.   And maybe go to court.  Where you probably will lose and have to pay the legal costs for both parts.

If the seller agrees to sell it again through his real estate agent, he will most likely claim compensation for extra cost.  Or maybe he has to sell to a lower price.  Then you will be responsible for the gap between your bid and the new sales price.

In some cases the buyer might have trouble to fully finance the purchase.  This should not really happen, because the realtor are obliged to check this before he approves the bid on behalf of the seller. In these cases the seller often approves the buyer to walk away.  But he will make reservations that he will claim compensation if he has to sell it again to a lower price. And for additional costs for the resale.

And then the “party” maybe continues:
The seller claims the realtor for not doing his job when checking the finances…….

Most Norwegians are aware that the seller has a very good case if the buyer walk away from the sales agreement (after the binding bid). Despite of this we have some cases of regret and attempt to try to withdraw from the purchase.

So, please be aware!

Don’t give a bid if you are not certain that you really want the home:

You will either be forced to go through with the purchase, and maybe sell the home yourself, or pay compensation for any loss that may arise for the seller.


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