Cabin prices in Norway have risen 12.6% so far this year

Cabin - cottagePhoto: Gorm Kallestad / NTB

Figures from Eiendom Norge show that prices for leisure real estate have risen by 12.6% in the first half of 2021.

The typical holiday home in Norway now costs NOK 2,888,516, according to statistics from Eiendom Norge compiled in collaboration with Eiendomsverdi AS and Finn Eiendom.

“The sharp rise in prices and volume in the cabin market in 2020 exceeded everything we have seen before, and this development has continued in 2021,” CEO Henning Lauridsen in Eiendom Norge said.

For sea cabins, prices rose by 6.4%, while for mountain cabins and inland cabins, prices rose by 16.5% and 12.5%, respectively.

New figures: 3,886 cabins sold in 2021

In the first half of 2021, 3,886 cabins were sold in Norway, which is an increase of 27.1% compared with the first half of 2020.

“Our assessment is that the corona pandemic has changed demand in both the housing market and the holiday home market. Flexible workplaces for many and increased use of home and cabin office have made homes and cabins more important,” Lauridsen said.

He expects continued growth in the cabin market in the future, despite easing infection control measures and opportunities to travel out of the country.

Source: © NTB Scanpix / #Norway Today / #NorwayTodayFinance

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