Foreign citizens living in Norway and people living abroad may freely purchase housing or property in Norway. However, you should be aware that certain types of property may involve an obligation to live in the property (boplikt) or farm the land on the property (driveplikt). This applies to properties in popular holiday areas and agricultural properties. Agricultural properties may also be subject to a type of birthright (odelsrett). This means that you may lose the right to the property to someone with birthright. The same applies to purchase of a tenant-owned flat, where someone with pre-emption rights can take the flat from you. In all cases, you must be informed of this before you sign the agreement, and you will be given a refund.

Most banks offer mortgage loans for purchase of a house or flat. If you want to buy a property in Norway, you must obtain a loan commitment certificate from a bank before you start to look at properties. The mortgage loan from the bank is paid back over a long period, usually between 20 and 30 years. Contact a bank to find out how much you can borrow and what interest rate the bank can give you. You should have your tax assessment (selvangivelse) and salary slips available to show your level of income. Another requirement is that you must pay 15 percent of the purchase price from your own capital to get a loan.




Can Foreigners Buy Property In Norway