When relocating to Norway, finding somewhere to live is one of the most important and daunting tasks you’ll face - and so it pays to start your search early. The good news is that if you're working with a relocation company, they may be able to support you with your search and help you secure accommodation in advance.
Renting in Norway:
Many expats choose to rent property for the duration of their stay in Norway, but this can prove challenging as the country (especially in the big cities) is suffering from a shortage of housing, meaning the rental market can be quite competitive.
Rental contracts are drawn up on a case-by-case basis between the landlord/letting company and the tenants. Rental contracts typically outline the overall rental costs, details of any deposit, and rules and regulations of living in the property. In general, the rental amount will usually not include utilities (electricity/heating/Cable TV/Internet) - and you’ll likely be required to pay a one-time security deposit (generally equal to two or three months of rent), this deposit is refundable when you move out, provided you have fulfilled all the obligations specified in the rental contract. Rental prices in the major Norwegian cities will usually be significantly higher than in smaller towns and more rural areas.
It is the right of both the landlord and tenant to request for an adjustment of the rent according to the Consumer Price Index once a year.
The most popular online platform that offers an overview of properties available in Norway is FINN. You can also find available rental properties on the websites of the property rental agencies. If you’re renting, it’s important to note that you may be asked to provide your landlord or the letting agent with proof of employment and your Norwegian D/personal number.
Buying a house in Norway:
Alternatively, you could choose to buy a property in Norway. This can be a good investment as the country has a stable economy and a high standard of living. Often, one needs to have built up some credit history in Norway to be able to secure a mortgage – usually 3-12 months of living in Norway. Norwegian banks typically require a down payment of at least 15-20% of the property’s value.