Overview of Norway

On this page you will find links to details of Norway holiday homes for sale and Norway rental accommodation. The harsh cold wintery climate of Norway, has dictated that building standards and materials are highly durable. There are many alpine ski chalets and lakeside log cabins available with hundreds of miles of coastline. The average property price in the capital, Oslo, is extremely high, due to the oil, financial services and commercial wealth of Norway; average prices have risen by 7% a year over the last five years or so. The economy is mature and the country has benefited form a stable political environment that has provided tax incentives to foreign business investors including property investors. However, rising prices generally now mean that return on investment for letting purposes is not as good as the newer eastern block members of the EU. The countryside areas is much more affordable top to a lower demand. In Norwegian law, there is not any need for a written agreement between the buyer and seller however in practice contracts are always used; an offer is binding by the full amount and any withdrawal constitutes a breach of the property agreement. Unlike the UK estate agents, Norwegian estate agent has greater authorised powers to approve the financial transfer and property deed registration 'tinglysning'. You will need a good local lawyer who can prepare all the necessary paperwork and check the 'GAB' register to identify ay planning applications, technical aspects and other local permits related to the property will be stored. Overseas property investors must obtain what is known as “D number” from the local 'population register', in order to prove their identity.