The number of holiday homes sold in the mountain cabin municipalities in Norway increased by 47% from the twelve-month period before the pandemic, according to new figures from Statistics Norway (SSB).
The SSB compared the period from July 1, 2020, to June 30, 2021, with the corresponding period the year before. Sales of used cabins increased by 55%, and sales of new mountain cabins increased by 14%.
The average price for a used mountain cabin sold in the aforementioned period was NOK 2.2 million, while the average price for a new mountain cabin was NOK 4.2 million. On average, the prices of used cabins increased by 9% between the two periods.
Sales of holiday homes increased by 44% in the country as a whole. The growth for sea cabins was 41% and 37% for forest cabins.
Source: © NTB Scanpix / #Norway Today / #NorwayTodayFinance
Do you have a news tip for Norway Today? We want to hear it. Get in touch at email@example.com