– In the beginning when I started looking at apartments, it was almost like I was depressed by looking at the market. That’s what 22-year-old Stian Tellefsen says an IT consultant looking for his first home. Stian started the hunt for Grünerløkka, close friends and colleagues. One year later he is on display at Kolbotn, two miles away. – I would also think that more and more people are in my position, who will make that choice and make it further away. Mia Harstad looks around in the apartment at Kolbotn, looking for her first dwelling. Photo: Karwan Noradin Ali / news Several young people are being pressed out Mia Harstad has just taken a professional letter as an automatic, and is also on display at Kolbotn. – I work in Oslo, and will have no more than an hour of travel. With a full -time job as an automatician, the 20 year old works from Ski in the construction industry. – I would like to live in something that is ready to move in, but also not too far away. It’s not that much I really feel hits blink. A new report shows that first -time buyers like Mia and Stian may have to go even further than Kolbotn. The report from the Socio -Economics Analysis The report is made by socio -economic analysis to order from the Norwegian Boligbyggelags National Association (NBBL). They have analyzed just under one million home sales in 51 municipalities in the period 2003-2024 and calculated the purchasing power of typical first home buyers. Called the first home index. The first home index shows the proportion of sales of homes a typical first home buyer would afford in their region. Below are the figures for Oslo and the municipalities around 2024 and 2010. Oslo: 2024: 3.9 per cent 2010: 38.8 per cent Bærum: 2024: 3.1 per cent 2010: 24.4 per cent Nordre Follo: 2024: 6.2 per cent2010: 29.9 percent Asker: 2024: 6.7 per cent of 2010: 30.8 Percent Nesodden: 2024: 1.5 percent2010: 5.9 percent Ås: 2024: 3.7 percent2010: 10 percent Drammen: 2024: 16.9 percent2010: 57.4 percent Lillestrøm: 2024: 9 percent2010: 42 percent Chief economist Andreas Benedictow sees fewer opportunities for young home buyers. Photo: Jon Olav Nesvold / NTB – not very much to choose in areas that were previously “safe alternatives”, now follows the same price pressure as Oslo. A new report from socio -economic analysis, made to order from the Norwegian Boligbyggelags National Association, shows that price growth is spreading to large parts of Eastern Norway. – We see that the proportion of the homes that the first home buyer can afford can come down to 5-6 per cent in municipalities around Oslo as well, says chief economist Andreas Benedictow who is behind the report. He describes an infection effect from Oslo’s house prices to the neighboring municipalities. – This means that there is not much to choose from when moving out of Oslo. Benedictow believes the development can have consequences far beyond the housing market. – Then it can mean that companies do not get the workforce they need and that people do not get the jobs they want. Bård Folke Fredriksen in NBBL requires a new housing policy to cushion price pressure. Photo: Javad Parsa / NTB – A completely unnecessary price pressure Norway’s Boligbyggelags National Association (NBBL) believes the situation requires action. – What must obviously be the consequence is that we must get a much more active and a new housing policy, says CEO Bård Folke Fredriksen. He points out that too few homes are being built in relation to population development. – Yes, in fact, so few homes are being built that there will be a completely unnecessary price pressure. Fredriksen warns that the price pressure spreads quickly from Oslo, and that it will be even more difficult for young buyers in the years to come. Dag Atle Tellefsen believes it has become much more difficult for young people to enter the housing market. Photo: Karwan Noradin Ali / news Dag Atle Tellefsen, the father of Stian Tellefsen, thinks it has become far tougher to buy a home than when he was young. – It feels tough for the youth today to get into the housing market. There is no doubt about it, he says. He points out that the requirements for equity and loan opportunities have increased sharply. – You should be good at saving, and saved for a few years. It requires self -discipline to raise this money needed. – It was probably much easier for us a hundred years ago, says Tellefsen. Published 30.04.2025, at. 20.41
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