Property Prices in Bergen, Norway

Index Info
Price to Income Ratio: 7.81
Mortgage as Percentage of Income: 59.40%
Loan Affordability Index: 1.68
Price to Rent Ratio - City Centre: 22.76
Price to Rent Ratio - Outside of Centre: 20.41
Gross Rental Yield (City Centre): 4.39%
Gross Rental Yield (Outside of Centre): 4.90%
Rent Per Month
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Apartment (1 bedroom) in City Centre 12,665.00 kr 11,000.00-15,000.00
Apartment (1 bedroom) Outside of Centre 9,807.69 kr 8,500.00-12,500.00
Apartment (3 bedrooms) in City Centre 20,377.57 kr 18,000.00-24,000.00
Apartment (3 bedrooms) Outside of Centre 16,269.23 kr 12,500.00-22,354.34
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 3,915.17 kr 2,787.07-5,109.62
Salaries And Financing
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Average Monthly Net Salary (After Tax) 32,646.84 kr
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.52 3.80-5.60

These data are based on 142 entries in the past 18 months from 25 different contributors.
Last update: March 2024

Sources and References
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