As Elin Reitan, an economist at Nordea, points out, this situation creates great difficulties especially for young couples who want to buy their first apartment. In a particularly difficult situation there are couples who want to buy their accommodation in the center of Oslo. In the Norwegian capital, the average house price is just under NOK 5 million, or more precisely, NOK 4 968 208. This is according to statistics made available by Eiendom Norge, a real estate organisation.
Even a family with an average income of 800,000 euros will not be able to afford to live in Oslo. NOK per year. This would in practice mean that you would need to get a loan of more than six times your annual earnings. In order for them to afford an average apartment in the Norwegian capital, their total income would have to be 845 thousand. Nok per year, i.e. each borrower would have to earn about 10% of the total. 422.5k NOK per year. This makes it necessary to collect a salary in excess of EUR 35 000. NOK per month gross.
Text source: nettavisen.no