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66029
Geographical location determines rent level
statistikk
2012-03-29T10:00:00.000Z
Prices and price indices;Construction, housing and property
en
lmu, Rental market survey, letting, rent, rents per square metre, dwelling types, lessor categories (for example family, local authority, employer), dwelling sizeDwelling and housing conditions , House prices and house price indices , Construction, housing and property, Prices and price indices
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Rental market survey, 2011

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Geographical location determines rent level

The rental market survey 2011, measured in the fourth quarter, shows that tenants living in Oslo including Bærum pay the most for rented dwellings. In this area the average monthly rent is NOK 8 898. On a national basis the average monthly rent is NOK 6 380.

Change to measuring period in rental market survey in 2011

The measuring period for the rental market survey was changed from the first to the fourth quarter of 2011. The StatBank figures from the first quarter of 2011 are marked 2011 Gml and the figures from the fourth quarter are marked 2011 Ny.

Geographical location is a key factor in the rent differences. In Oslo including Bærum, the average monthly rent for dwellings with two and three rooms is NOK 7 902 and 10 259 respectively. On a national scale, the average monthly rent for the same objects is NOK 5 732 and 6 636 respectively.

Fixed-term contracts most common among tenants in Oslo including Bærum

The rental market survey shows that most tenants have their tenancy regulated in a written contract. The contract can be based on a fixed-term agreement for a fixed period or a periodic agreement. The rental market survey shows that fixed-term agreements are drawn up more often in Oslo including Bærum compared to the rest of the country. In Oslo including Bærum, 55 per cent of the rental agreements are fixed term, compared with 26 per cent in the rest of the country.

Average monthly rents and annual rents per sqm by area. 4th quarter 2011. NOK
Average monthly
rents 		Average annual
rents per sqm
Total 6 380 1 235
Oslo with Bærum 8 898 2 030
Akershus (excluding Bærum) 7 046 1 307
Bergen, Trondheim, Stavanger and Tromsø 7 436 1 618
Urban settlements with more than 20,000 inhabitants1 6 202 1 151
Urban settlements with between 2,000 and 19,999 inhabitants2 5 333  969
Urban settlements with between 200 and 1,999 inhabitants and sparsely populated areas2 4 674  676
1  Excluding Oslo, Bergen, Trondheim, Stavanger, Tromsø and Akershus.
2  Excluding Akershus.

The Norwegian rental market is characterised by large variations in rents due to geography, physical unit attributes, relations between tenants and landlords and period of tenancy. The average estimates must therefore be treated with some caution. It is also important to emphasise that average rent levels from previous years are not directly comparable since the survey is based on unique samples each year that may differ according to variables that are important for the rent level.

The rental market in Norway has elements of subsidies, i.e. tenancies with family and friends and major landlords such as municipalities and student organisations. The deregulated private rental market consists of private individuals letting out dwellings or parts of their own dwelling (not to family and friends), and private landlords or private letting agencies. These cover approximately 65 per cent of the Norwegian rental market.

The proportion of tenants in younger age groups is relatively high, thus shorter tenancies dominate.

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