Property Prices in Bergen, Norway

Index Info
Price to Income Ratio: 7.17
Mortgage as Percentage of Income: 55.30%
Loan Affordability Index: 1.81
Price to Rent Ratio - City Centre: 23.70
Price to Rent Ratio - Outside of Centre: 20.41
Gross Rental Yield (City Centre): 4.22%
Gross Rental Yield (Outside of Centre): 4.90%
Rent Per Month
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Apartment (1 bedroom) in City Centre 12,665.62 kr 10,000.00-15,000.00
Apartment (1 bedroom) Outside of Centre 9,615.38 kr 8,000.00-12,000.00
Apartment (3 bedrooms) in City Centre 20,291.67 kr 16,500.00-24,000.00
Apartment (3 bedrooms) Outside of Centre 15,423.08 kr 12,000.00-20,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 5,782.72 kr 5,109.62-6,131.55
Price per Square Feet to Buy Apartment Outside of Centre 3,782.45 kr 3,251.58-4,645.11
Salaries And Financing
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Average Monthly Net Salary (After Tax) 35,894.21 kr
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.68 3.80-5.80

These data are based on 143 entries in the past 18 months from 23 different contributors.
Last update: February 2025

Sources and References
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