Only 1% of real estate in Oslo is within the budget of first-time homebuyers

OsloPhoto: Berit Roald / NTB
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According to a new calculation, just under 1% of homes in Oslo are within the budget of a typical first-time buyer. The share has fallen sharply in recent years.

According to newspaper E24, the same calculation shows that first-time buyers can afford one of five homes in the country as a whole.

For Oslo, it is 0.9%, a decrease from 39% in 2010.

“There are simply too few homes for sale in relation to the number of people who want to settle in Oslo,” Bård Folke Fredriksen, leader of the Norwegian Housing Association (NBBL), noted.

The Norwegian University of Life Sciences (NMBU) has made the calculation for NBBL.

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

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