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21421
Wide geographical variations in rents
statistikk
2010-06-17T10:00:00.000Z
Prices and price indices;Construction, housing and property
en
lmu, Rental market survey, letting, rent, rents per square metre, dwelling types, lessor categories (for example family, local authority, employer), dwelling sizeDwelling and housing conditions , House prices and house price indices , Construction, housing and property, Prices and price indices
false

Rental market survey, 2010

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Wide geographical variations in rents

The rental market survey 2010 shows that tenants living in Oslo including Bærum pay the most for rented dwellings. In this area the average monthly rent is NOK 7 996. On a national basis the average monthly rent is NOK 5 812.

Geographical location is a crucial explanatory variable with regard to rent differences. The survey shows that the most densely populated areas have the highest rents. In Oslo including Bærum tenants pay an average of NOK 7 252 and NOK 9 097 in rent per month for a two and three-room dwelling.

At a national level, the average monthly rent for a two and a three-room dwelling is NOK 5 281 and NOK 6 010 respectively.

The Norwegian rental market is characterised by large variations in rents due to geography, physical unit attributes, relations between tenants and landlords and period of tenancy. The average estimates must therefore be treated with some caution. It is also important to emphasise that average rent levels from previous years are not directly comparable since the survey is based on unique samples each year that may differ according to variables that are important for the rent level.

The rental market in Norway has elements of subsidies, i.e. tenancies with family and friends and major landlords such as municipalities and student organisations. The deregulated private rental market consists of private individuals letting out dwellings or parts of their own dwelling (not to family and friends), and private landlords or private letting agencies. These cover approximately 65 per cent of the Norwegian rental market.

The proportion of tenants in younger age groups is relatively high, thus shorter tenancies dominate.

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