Where are Norway’s most expensive properties?

Frazer Norwell
Frazer Norwell - [email protected] • 27 Dec, 2022 Updated Tue 27 Dec 2022 11:27 CEST
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Figures have revealed the most expensive places to buy property in Norway. Pictured is a large home in Oslo. Photo by Nick Night on Unsplash

Two areas dominate a list of the most expensive property sales in Norway during 2022.

West Oslo and Bærum have been revealed as the most expensive places in Norway to buy property, according to figures released by Privatmegleren Dyve and Partners and reported by business and financial site E24. 

The most expensive home sold on the Norwegian market this year was purchased for 110 million kroner and was located in Bærum. The property was a beachfront home and was purchased by investor Christer Bøckman Tunold and his wife, Camilla Tunold.  

All 20 of the most expensive homes sold in Norway were found in Bærum or West Oslo, and the areas of Snarøya, together with Bygdøy, Holmenkollen and Frogner, had the highest density of expensive properties of anywhere in Norway.

The most expensive home sold outside of Oslo and Bærum was in Stavanger. There a penthouse sold for 40 million kroner, making it the most expensive property ever sold in the area. 

Figures from the national data agency Statistics Norway also point to Oslo and Bærum as the parts of the country with the highest property prices. The median price of a detached property that isn’t part of a housing association was 12.5 million kroner in Oslo and 11.3 million kroner in Bærum in 2021. 

Other figures from Statistics Norway show that detached properties in Oslo cost 60,000-73,000 kroner per square meter depending on whether the home is a new build or not, with new builds being more expensive. 

On the other hand, the figures from Statistics Norway show that the cheapest detached homes in Norway were typically found in northern Trøndaleg municipalities and northern Innlandet. 

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Frazer Norwell 2022/12/27 11:27

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