Several economists believe that Norges Bank will raise the key interest rate this week, and that the mortgage rate will thus be well above the current level. But it does not scare a wealthy buyer looking for housing in Bergen. A brick villa on Kalfaret has been out with a price estimate of NOK 14 million. But it turned out to be far from what potential buyers were willing to pay for. The sale price ended at DKK 21 million, ie DKK 7 million above the suggested price. Such properties are rarely for sale on the open market, according to Ådne Arild Horn, broker and partner in Privatmegleren Vikebø & Jørgensen. – This is a completely unique property in one of Bergen’s finest residential areas. The property has a flat plot, garage, sunny patios and is sheltered, he says. The brick villa is from 1936. Photo: Schanke foto / Imotiv AS – Has underestimated the market The property is walking distance to the center of Bergen. Kalfaret is an area with several expensive villas. The house is referred to as a renovation object. The house is 265 m² and has 5 bedrooms. The plot is 810 square meters. The house has a view of Store lungegårdsvann in Bergen. Photo: Schanke foto / Imotiv AS Seven out of eight bidders took part in the war after the price suggestion was passed in the bidding round. – Did you expect the home to go for so much above the suggested price? – Yes and no. It is not uncommon for it to be sold above the suggested price. Both colleagues and I who have looked at the home have underestimated the current market for this type of home, he says and continues with: – I am not surprised, but it is difficult to argue about whether you have missed or not the price suggestion. It can be an incredibly beautiful house, he says. On top of the purchase price, the new owner will probably incur renovation costs. According to the ad, the buyer must anticipate significant costs for modernization and maintenance. The buyer must expect to spend money on renovations. Photo: SCHANKE FOTO / IMOTIV AS In Norway, house price growth has been stronger than normal in the past year. In May, house prices rose by 1.2 per cent. He experiences the housing market as good in Bergen throughout 2022. Ådne Arild Horn, real estate agent in Privatmegleren, says there is a rift about detached houses in Bergen. Photo: The private broker Family moves in According to the broker, there is a family who will move into the house. – In Privatmegleren, we experience that the market lacks family homes. The home has hit the right boxes with several wealthy buyers. I think many people thought this was an opportunity that was “once in a lifetime”, says Horn. The family that moves in gets a place to hang out among several large villas in the same area. Photo: SCHANKE FOTO / IMOTIV AS According to the broker, the buyer does not want to comment on the purchase. – I am of course happy when things go well. The seller is also happy with the process, and that it is a family that will move in, he says.
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Renovation property in Bergen was sold for NOK 7 million above the asking price – news Vestland
