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Figures from the Norwegian Real Estate Association (NEF) show that house prices are record high.
And it is becoming increasingly difficult for young people to enter the housing market.
But you can save a lot of money buying a first floor apartment.
Ground floor apartments in a housing block generally have a lower price than apartments on top. Although the standard and size are the same, a new survey among members of the Norwegian Property Brokerage Association (NEF) shows
– The sales price will usually be 10-20 percent lower than if the same apartment had been at the top, explains Finn Tveter, the Norwegian Property Broker.
An apartment that costs $ 2.5 million at the top, you can get $ 2 million on the first floor.
There are close to 500 real estate agents who have provided feedback on the question of the value of flats in apartment blocks.
Only 8 percent of the surveyors respond that they have not made any experience where location in blockade has been decisive on the price level.
The survey illustrates that if a broker is based on the achieved sales price in a middle apartment in a block, apartments on the lower floors are 5-15 percent below. The top apartments are from 5-20 percent above the center layer.
Elevator & Garden
The higher you live, the more sought after are the apartments in the market, and this also follows higher prices.
It is useful for sellers of apartments in the lower floors to realize that they can not expect as high prices as they are at the top, says Tveter.
But the happy message is that you can make a smart purchase the further down you look.
In theory, can you manage to get your own equity by selling yourself down in blockade?
– You can say, but there are different conditions that play in, for example, if there is a lift in blockade. Another factor that matters is whether the apartments on the first floor have access to the garden. This will help to increase the value of the apartment, explains Tveter.
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