What do I need to know when buying property in Norway?
When we asked expats what advice they would give a foreigner before buying a property in Norway, they said...
"1. You will need to get a Norwegian tax number and register yourself with the Norwegian Tax Administration. 2. There are different regulations for foreigners buying property in Norway. Make sure to check these before proceeding. 3. It is recommended to get a professional, such as a lawyer or a notary, to help you secure the property and ensure that all legal requirements are met. 4. You will need to consider the cost of utilities, such as water, electricity, heat and sewerage, when determining the purchase price of a property. 5. Buyers must pay a transfer tax, called stamp duty, which is levied on the purchase of most property types in Norway. 6. You will need to consider any additional fees and taxes, such as capital gains tax, property tax, and transfer fees. 7. When negotiating the purchase of a property, it is advised that you get an independent property valuation to ensure that the price you are paying is reasonable. 8. You should be prepared to pay a deposit upon signing the purchase agreement, and the balance within a specified period afterwards," wrote a member who made the move to Norway.
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Other Questions:
- What should I pack when moving to Norway?
- Where should I setup a bank account in Norway?
- Will I be able to find a job in Norway?
- What is life like in Norway?
- What do expats in Norway appreciate most about the local culture?
- What do expats find most challenging?
- Is there a lot of crime in Norway?
- Is there a lot of diversity? Are people in Norway accepting of differences?
- What are the schools in Norway like?
- What are healthcare services like in Norway?
- What are medical services in Norway like?
- Are healthcare and health insurance expensive in Norway?
- What are emergency services like in Norway?
- Will I need to travel to see a specialist?
- Are common prescription medications available in Norway?
- How are local medical facilities in Norway?
- As a foreigner living in Norway, will I have access to public healthcare? What is it like?
- What have your experiences during the pandemic with the local healthcare system been like?
What do I need to know when buying property in Norway?
If you live in Norway, newcomers to Norway would love to hear your answer to this question:
About the Author
Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC
Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.
