The rise in rental property prices in Oslo continues. Rental prices are increasing for both one-room, two-room and three-room apartments.
A studio apartment costs NOK 10,969 on average in Oslo, 8% more than in August. The price increase since September 2021 is 6.5%, according to data from The rental agent.
A one bedroom apartment in Oslo cost an average of NOK 14,757 in September, an increase of 2.4% compared to the previous month and 8.7% compared to September 2021.
A three-bedroom apartment in Oslo cost an average of NOK 18,658 in September. There is an increase of 3.6% from August and 9.1% from 2021.
Many are considering the rent
– As long as there are no more rental properties on the market, rental prices will continue to rise. Fewer housing construction and stricter taxation mean fewer rental properties on the market, says Vibecke CEO Lyse Augdal in Utleiemegleren.
Several people who can’t sell their home are now considering renting it out, according to Augdal.
– It will be exciting to see development move forward and how it looks on total supply in the rental market, he says.
