Property Prices in Kristiansand, Norway

Index Info
Price to Income Ratio: 4.83
Mortgage as Percentage of Income: 34.47%
Loan Affordability Index: 2.90
Price to Rent Ratio - City Centre: 21.22
Price to Rent Ratio - Outside of Centre: 17.71
Gross Rental Yield (City Centre): 4.71%
Gross Rental Yield (Outside of Centre): 5.65%
Rent Per Month
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Apartment (1 bedroom) in City Centre 10,000.00 kr 8,000.00-12,000.00
Apartment (1 bedroom) Outside of Centre 7,666.67 kr 7,000.00-8,000.00
Apartment (3 bedrooms) in City Centre 17,500.00 kr 16,000.00-18,000.00
Apartment (3 bedrooms) Outside of Centre 13,750.00 kr 12,000.00-16,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 4,246.93 kr 3,450.58-5,109.62
Price per Square Feet to Buy Apartment Outside of Centre 2,747.27 kr 1,970.92-3,716.09
Salaries And Financing
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Average Monthly Net Salary (After Tax) 38,934.21 kr
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.77 3.00-4.25

These data are based on 40 entries in the past 18 months from 9 different contributors.
Last update: March 2024

Sources and References
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