Property Prices in Bergen, Norway

Index Info
Price to Income Ratio: 7.39
Mortgage as Percentage of Income: 56.75%
Loan Affordability Index: 1.76
Price to Rent Ratio - City Centre: 23.89
Price to Rent Ratio - Outside of Centre: 19.65
Gross Rental Yield (City Centre): 4.19%
Gross Rental Yield (Outside of Centre): 5.09%
Rent Per Month
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Apartment (1 bedroom) in City Centre 12,975.00 kr 11,650.00-16,000.00
Apartment (1 bedroom) Outside of Centre 9,923.08 kr 8,000.00-12,000.00
Apartment (3 bedrooms) in City Centre 20,882.10 kr 17,500.00-25,000.00
Apartment (3 bedrooms) Outside of Centre 16,269.23 kr 13,000.00-21,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 5,982.91 kr 5,759.94-6,967.67
Price per Square Feet to Buy Apartment Outside of Centre 3,793.51 kr 2,787.07-4,645.11
Salaries And Financing
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Average Monthly Net Salary (After Tax) 35,615.57 kr
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.64 3.80-5.60

These data are based on 127 entries in the past 18 months from 21 different contributors.
Last update: December 2024

Sources and References
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