In Hemsedal, Torbjørn Ålrust has put the company cabin up for sale. The asking price is NOK 15 million. – It is strategically located by the downhill slope, he advertises. At Finn, there are over 100 holiday homes for sale for over NOK 10 million in Buskerud and Innlandet. Estate agent Helge Berg Enitch in EM 1 The mountain broker has caught up with what the buyers of cabins in this price range want. – Coming up and having it spacious and luxurious with a view and ski in, ski out probably means a lot to many people, he says. The location is one of the main reasons why the cabin is so stiffly priced. Photo: Aurelijus Norvaisas / Eiendomsmegler 1 – Disconnected from interest rate increases and expensive times Although many are now struggling to make ends meet after interest rate increases and stiff prices for food and electricity, both sellers and brokers believe in a sale during the winter. And figures from Eiendom Norge show that there is a good market for holiday homes at eight-figure sums. – The turnover of expensive cabins is far higher than before the pandemic. This segment seems disconnected from interest rate increases and expensive times, says director Henning Lauridsen. Today Eiendom Norge presented figures showing that the average price for holiday homes in Norway fell by 1.2 per cent in 2023. Lauridsen describes the market as strikingly stable. The typical holiday home costs just under 3 million today. At the same time, the sale of cabins over 5 million has more than doubled after the pandemic. – What is startling is that the expensive segment is holding up overall, and more cabins over 10 million have even been sold than in 2022, says Lauridsen. Henning Lauridsen, director of Eiendom Norge, today presented the holiday home statistics in collaboration with Eiendomsverdi AS and Finn.no. Photo: Torbjørn Brovold / news From 2022 to 2023, the sale of cabins for over NOK 10 million has risen by just over 9 per cent. And the trend is steadily increasing. Compared to 2014, sales have increased more than sixfold in 2023. Mountain huts are what sold the most last year. The most expensive of the mountain municipalities were Øyer (Hafjell), Hemsedal and Hol (Geilo). Snow-proof and weak krone – If you can afford it and want space and luxury in the mountains, I can understand why you buy, says Enitch. There have been relatively many interested people who have looked at the cabin in Ålrust, he says. Some of those who have visited have been foreigners. Although most people who buy a holiday home in Hemsedal come from Oslo and Bærum, there are some who come from further afield. Enitch says that he has generally experienced an increase in cabin buyers from Sweden and Denmark, as well as from further down in Europe. And it is not just the weak krona that entices tourists to buy a mountain cabin in Norway. – They state a long snowy winter and a long season as a good reason, says the broker. Both buyer and seller believe that the cabin will be sold during the winter. Photo: Aurelijus Norvaisas / Eiendomsmegler 1 DNB Eiendom’s real estate agents state the same tendency. Swedes, Danes, Germans and Dutch experience both getting a lot for their money and snow-sure conditions in the Norwegian mountains. The number of foreign buyers continues to increase, concludes DNB Eiendom.
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Sales of expensive cabins increased in 2023 – news Norway – Overview of news from different parts of the country
