Home economics

Do you live in Norway’s most expensive street?

Norway’s most expensive streets

Do you live in Norway's most expensive street?

Do you live in Norway's most expensive street?

– You may risk losing your right to appeal

Housing prices continue to rise, and it is becoming increasingly difficult to get into the housing market. But where is it really expensive to buy and why is it so expensive right here?

– There is one reason why housing in selected streets becomes expensive and it’s location, says CEO Carl Ving in Norway’s Real Estate Association.

Must be favorable to

According to Geving, the explanation is that there are so many who will pay a lot to live in some places. Many people are willing to pay a lot to live at Grünerløkka in Oslo, very much to live at Tjuvholmen and extremely much to stay at Gimlehøyden at Frogner.

– It’s about a segmentation of location relative to purchasing power, and different groups of stakeholders. If the house has special views, or is favorably located in popular areas, this will pull the price up, explains Geving.

Most expensive in Oslo

Kavringen Brygge, Dyna Brygge, Gimle Terrace and Chr. Benneches road on Bygdøy is one of the most expensive streets in Norway today.

Everyone is in Oslo, and has a square meter price of 100. 000 to 200. 000 kroner.

It tells real estate broker in Nordvik and partners, Terje Tinholt.

– There are major differences in house prices in Norway, but roughly the average house is about 4.2 million in average, he states..

Geving says that in Oslo it is not uncommon for apartments to be priced up to 100. NOK 000 per square meter, and often more.

– People are willing to pay for central location – and views that are important to many, emphasizes Tinholt.

Challenging about price continues to increase

If price trends are the same trends like London and New York, where people with regular income can not afford to live centrally and have to spend a lot of time getting on and off, it can be challenging, says Geving.

– On the other hand, more efficient communication lines, for example, to Oslo, will gradually make commuting easier. Several will then settle in cities with relative proximity to Oslo.

But the high square meter price is not necessarily positive, he believes.

Do you live in Norway's most expensive street?

Therefore you should buy the home used

– It may be negative if we get too high square meter prices driven by investments, believing in everlasting house price growth and long, low interest rates.

– Changes in the economic situation can thus lead to a sudden drop in housing prices that have had a strong rise in prices, he says.

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Stavanger

Here you spend millions of millions of homes.

The most expensive streets in Stavanger are located on Madla and Hafrsfjord, around Ragnhildsgate. In addition, there are some expensive homes in Orknøygata, with several at Eiganes.

It tells department manager in Real Estate Agent 1 Stavanger, Jan Georg Løvdahl Byberg.

– The square meter price of the houses in these streets will not give a proper picture, but we talk about properties from about 10, and up to NOK 30-40 million.

The average price for a detached house over the last year has been around 5-7 million kroner.

Managing Director of the Norwegian Real Estate Broker, Carl Geving, says that there are major regional differences in the price of a used property.

– On average, the square meter price of a used property in Norway today amounts to around 37,500, says Geving.

Byberg says that there are beautiful properties, and mostly detached houses sold in the area.

And the stakeholders are not just stupid people.

– It’s usually common people and families who obviously have a little better advice than most people, he concludes.

Oslo

Here are the most expensive streets in the country

Do you live in Norway's most expensive street?

Photo: Colorbox

Kavringen Brygge, Dyna Brygge, Gimle Terrace and Chr. Benneches road on Bygdøy is one of the most expensive streets in Oslo.

And the homes that are close to the sea rise most in price, we believe real estate agents in Nordvik and partners, Terje Tinholt.

The average price of a housing in Oslo is NOK 60,000 per square meter, but it is not unusual for small, attractive apartments to be priced at NOK 100,000 per square meter, says the CEO of Norway’s estate agency Carl Geving.

He says that they have seen cases where special objects in some of the city’s most attractive areas go too far higher than 100,000 kroner.

However, there are quite common people who buy in the expensive areas.

– Mostly detached houses and townhouses go to families with children, and the apartments go to the youngest and oldest, says Tinholt.

– The trend indicates that there is a higher price for well-placed apartments, which are also close to the sea. There are also apartments in streets that are close to the sea that rise most in price, he says.

Bergen

Very many attractive areas.

– Fjellveien, Sandviksveien, Brattlien, Våganeset and Marmorneset are some of the most expensive streets in Bergen, says regional manager in Eiendomsmegler1 Hordaland, Kurt Fridtjof Buck.

Do you live in Norway's most expensive street?

Photo: Colorbox

He explains that the common denominations of the streets are often sun, views, downtown, infrastructure, proximity to open-air areas and generally good standards in the neighborhood.

Square meter price for different homes in Bergen

Detached: 32 038, –

Townhouse 32 793, –

Apartment 43 186, –

Source: Regional Manager of Real Estate Agent1 Hordaland, Kurt Fridtjof Buck.

– Quality becomes more important and more important.

The square meter price is NOK 50-100,000. Prices depend entirely on objects, but the biggest reason that it is precisely these streets that are the most expensive is undoubtedly the location.

– Homes with a combination of good location and high standards are often sold quickly at good prices in these areas, Buck emphasizes.

The buyers are also here, on a par with Stavanger and Oslo, quite common people.

– The average price per square meter of a used housing Norway is NOK 37 500. In Bergen it is 39,000, just above the average, informs Managing Director of Norway’s estate agency, Carl Geving, about.

Do you live in Norway's most expensive street?

Photo: Colorbox

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