Real Estate in Norway

by Valter Jacobsson on January 20 2017

Buying a house in a foreign country can be frightening. Especially if you´re feeling insecure and are unfamiliar with the different laws and regulations for real estate. Luckily we have comprised a list of things that are essential when buying real estate in Norway.


There are no regulations or rules that say you can’t buy a house in Norway as a foreigner. This makes the process of getting a house pretty easy since you can skip that part of the paperwork.

It is however very important that you know whether the property has so called boplikt. There are two types of boplikt:

Personal boplikt means that a predetermined person has to live in the property for a year. In other words, you cannot have your property up for rent or let it be empty for too long.

Non personal boplikt is when the property is to be used actively during a year but it doesn’t matter who uses it, meaning it can be up for rent but cannot be empty.

Different Kinds of Properties

Like any other country there are different types of properties which all comes with different terms and regulations. The different kinds are split into three subgroups, owned property, shareholder property and rented property.

Owned Property(Selveierbolig) is exactly what it sounds like, property that is owned by the person who buys it. Certain communes have a property tax that has to be paid by the owner. It is easy to find out the specifics for your situation so make sure to do that at your local commune.

Shareholder Property is a special case where you buy stocks that gives you the right to rent property. This means you become a shareholder in that property´s stock company. You also become a member of the property association for your area which means you are more involved in issues concerning your property.

Rented Property is a perfect alternative for the person not looking to stay as long or make the big investment of buying property. With rental property you more than often have a deposition fee that you have to pay. It’s also important to have a written contract that specifically states the regulations and rules such as period of notice. The person that rents is to make a deposition account in the landlord’s name where the landlord then stands for the bank fee. Both the renter and the landlord are required by law to be contacted when the deposition fee is withdrawn.

Financing Your Purchase of Property

It´s not everybody who is granted a loan from the big private banks in Norway. To get a loan you often have to have a great amount of money to begin with as safety. It´s of course far from everybody that has a great amount to invest in their property.

For that reason, Norway’s communes have started offering starting loans to those who don’t have a great deal of savings. The properties that you can get a loan for has to be up to a certain standard and fulfil some requirements which can differ between communes. It is therefore once again a good idea to check with your future commune to find out what rules and requirements apply there.

Valter Jacobsson