Cabin sales in Norway skyrocketed during corona crisis

So far this year, 6,276 cabins in the mountains, by the sea, and in the inland have been sold in Norway.

That is an increase of 36.6% compared to the corresponding period in 2019.

At the same time, prices have also increased, the figures from Real Estate Norway (Eiendom Norge) show.

So far, the average price of holiday homes in 2020 has been around NOK 2.5 million, which is 6.1% more than in 2019.

“After the cabin ban was lifted in April, sales and prices of holiday homes in Norway skyrocketed,” CEO Henning Lauridsen of Eiendom Norge noted.

Record levels of construction

“A record number of new cabins have been built, especially in the mountains,” Lauridsen added.

The Norwegian mountain municipalities experienced the largest increase with 3,034 cabin sales, an increase of 39.8%.

A total of 1,130 holiday homes have been sold inland, an increase of 32.3%

At the same time, 2,208 cabins by the sea were sold, which is an increase of 33.6%.

The average price in August was 16.6% higher than at the same time last year.