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Selling a Cabin on Kvitfjell: How Going Abroad Helped Secure a NOK 33.5 Million Sale

The broker had to go abroad to find a buyer for the 245 square meter cabin on Kvitfjell.

The cabin on Kvitfjell was recently sold for NOK 33.5 million. Photo: Zovenfra/LHM GruppenPublished: Published:

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– We chose to advertise in Denmark, which led to us getting a number of interested parties, including what ended up being our buyer, says Hallvard Brevik Klingen in Privatmegleren Nyeboliger Oslo.

The cabin on Kvitfjell, which was bought for NOK 27 million in 2020, has now been sold for NOK 33.5 million. The asking price was NOK 35 million.

– We have announced it in Norway as well, but we wanted to try to reach a new type of customer and it turned out to work, says Klingen.

The cabin, described as “a magnificent cabin of the rare kind”, was put up for sale in November last year.

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“A magnificent cabin of the rare kind, with a high standard in every aspect” says the Finn advertisement. Photo: Zovenfra/LHM Gruppen

Sees a clear trend

It is not the first time the broker has looked abroad to find potential buyers for cabins in Norway.

– There are many reasons why people in other countries are interested. One of them is the krone exchange rate. Another is the failing snow conditions in the Alps. It is also tax-favorable to buy a holiday home in Norway, rather than in your own country, says Klingen.

He sees a clear increase in interest.

– We see a clear trend and have noticed a large increase in interest from primarily Denmark and the Netherlands over the past year.

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Sold 5,664 cabins last year

In 2023, the total cabin prices fell by 1.2 per cent compared to the previous year, while 9.6 per cent fewer cabins were sold.

In 2023, 5,664 cabins were sold in Norway – a decrease of 5.2 per cent from 2022.

This shows figures from Eiendom Norge presented in mid-February.

– The predictions that the cottage market would take a big hit due to higher interest rates, high electricity prices and general uncertainty have not come true, said Eiendom Norge CEO Henning Lauridsen in this regard

2024-03-12 21:03:36
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