The Norwegian rental market has experienced significant growth over the past three years, with rental prices rising sharply.

In Drammen, rental prices have increased by 5.5% compared to September 2023, presenting investment opportunities, especially with the upcoming completion of a new hospital in 2025. This development is expected to attract more workers and residents, potentially boosting the rental market further.

Meanwhile, in Oslo, rental prices have started to stabilize after a period of record growth, although they remain at high levels.

The average rent for a two-room apartment in Oslo has increased by 25% since 2021, reaching 16,842 NOK per month.

Despite the high prices, the market is showing signs of balance, with more rental properties available than in previous years.

Experts suggest that political action may be needed to address the unsustainable price growth seen in major cities across Norway.