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PROPERTY

Where are Norway’s cheapest homes, and what can you get for your money? 

Norway can be an expensive country to live in, but that doesn't mean your dream home has to cost an arm and a leg. Here are the cheapest places to buy a house and what you get for your money. 

Pictured are apartments in Ålesund.
This is where the cheapest homes in Norway are located. Pictured are flats in Ålesund, Møre og Romsdal, where buyers pay the lowest money per sqaure metre for an apartment. Photo by James Obernesser on Unsplash.

At the end of last year, the average price of a home in Norway was just shy of 4 million kroner, or around 400,000 thousand euros, according to Real Estate Norway (Eindom Norge).

However, that was just the average price, and plenty of people will be looking to get the best deal available and bag a bargain. 

READ ALSO: Where can you buy a house in Norway for less than 3 million kroner? 

So, where are Norway’s cheapest homes? That will depend on what kind of house you are after. 

We used the cost of different property types per square meter in 2021 from Statistics Norway for this article. 

The reason for this method for crunching the numbers is because very little data exists on average house prices in Norway’s counties. 

If you are after the cheapest detached house, you’ll want to look in Innlandet in east Norway. Buyers in the county, which borders Sweden, paid 21,222 kroner per square meter for a detached house last year. 

Further south in Adger, you’ll find the cheapest terraced house houses, where you can expect to pick up a home for 25,155 kroner for every sqaure metre, and in the west, you’ll find Norway’s cheapest apartments in the county of Møre og Romsdal, which will set you back 35,775 kroner per square meter. 

On Finn.no, Norway’s most popular site for property listings, more than 500 apartments were available in Møre og Romsdal for less than the national average house price. There were also 500 plus apartments at this price point for sale in Oslo. However, there are a lot more homes in total in Oslo. 

Also, the majority of the flats in Oslo were on the outskirts of the city centre, with most of them in the northern parts of the Norwegian capital. 

However, there were still a few options for sale in trendy Grünerløkka at this price point. 

READ ALSO: Six key tips to survive the bidding war when buying a house in Norway

Comparatively, 4 million kroner in Møre og Romsdal can get you a well-specced 3-bedroom flat in Ålesund boasting over 100 square meters of living space. At this price point, you can expect between 20-30 square metres more in Ålesund than in Grünerløkka.

There’s good news for those on a lower budget, too, as there were plenty of options in Ålesund for between 2.5 and 3 million kroner. Most flats for sale in this price range are reasonably central, modern and have at least two bedrooms. 

Other towns in Møre og Romsdal with plenty of budget-friendly apartments include KristiansundMolde, and Volda. Many properties in Volda at this price point will also boast stunning fjord views.  

If you’d rather have a semi or terraced house, then there were just shy of 100 options in Adger, where buyers get the best value per square metre than anywhere else, according to the statistics. 

Kristiansand had the most options listed for sale. However, there weren’t any options in the town centre. 

Although for those looking to spend less than 3 million, there’s plenty of good news as for between 2.2 and 3 million, you can expect to find a 3-bed semi with at least 100 square metres of living space decently specced and with a nice outdoor area

This is an extra appealing proposition compared to places like Drammen, Oslo, Bergen, Ringerike, Trondheim and Sandjefjord, where few, or no, similar properties were for sale at this price point. 

READ ALSO: How easy is it to get a mortgage in Norway as a foreign resident?

If you value the privacy of a detached house, then not only is Innlandet the cheapest place in Norway per square metre for such a property, but there are also plenty of options. 

There were a handful of options in popular towns like Lillehammer and Kongsvinger. In Lillehammer, the options were fairly close to the town centre, although some of the properties needed renovation, which can cost a lot in Norway as the municipality would need to inspect and sign off on any kitchen and bathroom work. 

Kongsvinger had a similar amount of options, although the homes were more ready-made and closer to the centre. 

Out of Norway’s counties, Adger had the highest number of detached houses for sale. 

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PROPERTY

Half of Oslo’s old apartment blocks don’t meet fire safety regulations

As many as 1,800 old apartment buildings in Norway's capital pose a fire risk and fail to meet modern safety regulations, Oslo Fire and Rescue Service recently warned. 

Half of Oslo's old apartment blocks don't meet fire safety regulations

In total, there are around 3,500 apartment blocks categorised as 1890 buildings. These are buildings built between 1860 and 1930. Half of these buildings could pose a significant fire risk and don’t meet modern regulations, broadcaster TV2 recently reported

“The probability of deficiencies is very high. In 99 percent of the inspections we have already carried out, there have been deviations (from the regulations),” Patrik Czajkowski, team leader for the apartment building team in Oslo Fire and Rescue Service, told TV2. 

Compared to modern building standards, these older blocks typically allow fires to spread quicker and lack steel fireproof doors, automatic fire alarms, or extinguishing systems. 

“The buildings that have not been upgraded are less equipped for a fire. All the measures that should be in place and could reduce the risk of fire are not present” Czajkowski explained. 

Around 1,700 of the city’s 1890 buildings have been upgraded to meet modern fire safety regulations, according to Oslo Municipality

Tenants and homeowners in Oslo can check with the chairperson of their apartment board about the building’s fire measures. An apartment building’s chairperson is responsible for ensuring the building’s fire safety is up to scratch.

The National Association Of Homeowners said a lot of work had been done to improve fire safety in general over the past few years. The association added that making older buildings more resilient in the event of a fire was a more cost-effective process than people may have realised. 

“People think it is expensive, but when they complete the project and see that they actually have the opportunity to survive a fire, I think most people think it is well-spent money,” Anders Leisner, head of the legal department at the association, told TV2. 

However, Leisner said that it can be challenging to motivate associations to spend money on fire safety if they haven’t been ordered to do so. 

“They are subject to several costly requirements, such as replacing front doors and plastering the basement and attic. It can reach millions of kroner, especially in apartment buildings with a small size,” the lawyer said. 

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