Property Prices in Bergen, Norway

Index Info
Price to Income Ratio: 7.94
Mortgage as Percentage of Income: 60.65%
Loan Affordability Index: 1.65
Price to Rent Ratio - City Centre: 22.58
Price to Rent Ratio - Outside of Centre: 20.99
Gross Rental Yield (City Centre): 4.43%
Gross Rental Yield (Outside of Centre): 4.76%
Rent Per Month
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Apartment (1 bedroom) in City Centre 12,877.27 kr 11,000.00-15,000.00
Apartment (1 bedroom) Outside of Centre 9,892.86 kr 8,500.00-12,500.00
Apartment (3 bedrooms) in City Centre 20,295.19 kr 18,000.00-24,000.00
Apartment (3 bedrooms) Outside of Centre 15,900.00 kr 12,500.00-21,695.56
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 5,564.51 kr 4,245.63-6,131.55
Price per Square Feet to Buy Apartment Outside of Centre 4,006.41 kr 2,787.07-5,109.62
Salaries And Financing
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Average Monthly Net Salary (After Tax) 32,419.63 kr
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.57 3.80-5.60

These data are based on 146 entries in the past 18 months from 24 different contributors.
Last update: May 2024

Sources and References
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