How to Buy Real Estate in Norway as a Foreigner

Who can buy property in Norway?

Everyone who has the funds is allowed to purchase property in Norway. In very rare cases, there might be some municipality-level restrictions to ensure housing availability for local residents, but that does not apply in most cases.

However, ownership of real estate does not provide residency (let alone citizenship). 

Do the research

When thinking about Norway, picturesque fjords and nature come to mind. The population density is low and housing options are plentiful. Whether you prefer to live close to nature or a bustling city life, Norway has it all:

  • Oslo - The capital of Norway and the location of the Royal Palace. It is a modern metropolis surrounded by fjords, green hills, and small islands that nature lovers will definitely appreciate. It offers a rich cultural and culinary scene being home to Michelin star restaurants, the Oslo Opera House, and the Viking Ship Museum. 
  • Tromsø - Located in the Arctic Circle, in northern Norway. Its natural beauty is hard to describe with words - both the northern lights and the midnight sun can be observed. It is also the home of the Arctic Cathedral and a vibrant music and arts scene making it perfect for someone looking for outdoor adventures and cultural exploration.
  • Bergen - If the peace and serenity of fjords is what you’re after, look no further than Bergen. It offers the warmth of a small town and all the activities nature enthusiasts seek for. However, being the second biggest city in Norway, it boasts a lively cultural scene and all the infrastructure and services one might need.

You can seek the help of a real estate agent to find suitable properties for you (they typically represent both the buyer and the seller). However, a lot of listings can be found online:

  • - Navigate to Eiendom and choose Bolig til salgs (Houses for sale)


Many Norwegian banks offer financing to foreigners and a mortgage should not be hard to get. In some cases, it is even possible to get 100% of the property value as a mortgage, but in most cases expect to provide at least a 15-25% downpayment. Seek pre-approval from different banks to get the best understanding of the market situation and your budget. 

Visit properties and make an offer

After you’ve found a property that you like, make sure to organize a viewing. In most cases, the process moves quickly after that - if the property is to your liking, make an offer on the property. Ofcourse, a professional inspection of the property should be ordered to ensure there are no hidden flaws. In some cases, the biddings close within 24 hours so be ready to move quickly and have your down payment ready. 

Finalize the purchase

If your offer is accepted, a sales contract is drawn up by the agent. The sales contract is very important in the acquisition process. It guides the whole procedure and also protects both parties in case of breach of contract (remuneration in such cases are specified in the contract). It is recommended that a local lawyer (of your choosing) reviews the agreement to ensure that it’s fair.

On the closing date, the final payment is paid to the seller either by bank transfer or through a notary (escrow). Once the payment is made, the property deed is signed and the ownership of the title is transferred at a notary.

Property Buying Costs and Taxes in Norway

Transaction Costs
    Who Pays?
Transfer Stamp Duty 2.5% buyer
Registration Fee NOK525(€75) buyer
Real Estate Agent´s Fee 1% - 3% seller
Costs paid by buyer 2.5%
Costs paid by seller 1%-3%
See Footnotes
Source: Global Property Guide