Investment Property in Oslo

Investment Real Estate in Oslo

Oslo property investment can be a worthwhile venture if you are selective with the areas you choose to invest in. If not, you could find that your investment suffers due to low rental yields, dwindling demand, and slow property price growth in many parts of Oslo .

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Search Map of Oslo Investment Real Estate

Oslo ( OZ-loh, also OSS-loh, Norwegian: [ˈʊ̂ʂlʊ] (listen), rarely [ˈʊ̂slʊ, ˈʊ̀ʂlʊ]) is the capital and most populous city of Norway. It constitutes both a county and a municipality. As of 23 November 2020, the municipality of Oslo had a population of 697,549, while the population of the city’s greater urban area was 1,019,513, as of 4 November 2019. The metropolitan area had an estimated population of 1.71 million.

During the Viking Age the area was part of Viken. Oslo was founded as a city at the end of the Viking Age in the year 1040 under the name Ánslo, and established as a kaupstad or trading place in 1048 by Harald Hardrada. The city was elevated to a bishopric in 1070 and a capital under Haakon V of Norway around 1300. Personal unions with Denmark from 1397 to 1523 and again from 1536 to 1814 reduced its influence. After being destroyed by a fire in 1624, during the reign of King Christian IV, a new city was built closer to Akershus Fortress and named Christiania in honour of the king. It became a municipality (formannskapsdistrikt) on 1 January 1838. The city functioned as the capital of Norway during the 1814–1905 union between Sweden and Norway. From 1877, the city’s name was spelled Kristiania in government usage, a spelling that was adopted by the municipal authorities in 1897. In 1925, the city, after incorporating the village retaining its former name, was renamed Oslo. In 1948 Oslo merged with Aker, a municipality which surrounded the capital and which was 27 times larger, thus creating the modern, much larger Oslo municipality.

Oslo is the economic and governmental centre of Norway. The city is also a hub of Norwegian trade, banking, industry and shipping. It is an important centre for maritime industries and maritime trade in Europe. The city is home to many companies within the maritime sector, some of which are among the world’s largest shipping companies, shipbrokers and maritime insurance brokers. Oslo is a pilot city of the Council of Europe and the European Commission intercultural cities programme.

Oslo is considered a global city and was ranked “Beta World City” in studies carried out by the Globalization and World Cities Study Group and Network in 2008. It was ranked number one in terms of quality of life among European large cities in the European Cities of the Future 2012 report by fDi magazine. A survey conducted by ECA International in 2011 placed Oslo as the second most expensive city in the world for living expenses after Tokyo. In 2013 Oslo tied with the Australian city of Melbourne as the fourth most expensive city in the world, according to the Economist Intelligence Unit (EIU)’s Worldwide Cost of Living study. Oslo was ranked as the 24th most liveable city in the world by Monocle magazine.

Oslo’s population was increasing at record rates during the early 2000s, making it the fastest growing major city in Europe at the time. This growth stems for the most part from international immigration and related high birth rates, but also from intra-national migration. By 2010 the immigrant population in the city was growing somewhat faster than the Norwegian population, and in the city proper this had become more than 25% of the total population if the children of immigrant parents are included.

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The financial stability of Oslo has translated into a real estate market that rewards forward planning and a willingness to look beyond areas of traditional affluence.

Buy to Rent in Oslo

Renting out your Oslo buy-to-rent investment property can grow wealth and income.

Whatever your goals with investment property in Oslo are – preparation is key.

Set goals based on how much rental yield will be required and the local rental yield rates in Oslo and be prepared to change your initial outlook.
Thoroughly research the Oslo location with a special emphasis on fringe areas outside the main Oslo metropolis that may be valued lower than their better-known neighbors. Rental yields of around 5% are still attainable in certain areas of Oslo.
Ensure that your target investment property in Oslo appeals to professionals. This is a demographic that ensures maximum income and low voids.
Finding and vetting suitable tenants is a job ideally left to the professionals. Working with an established letting agent such as Physis Realty with local knowledge and experience of property legislation will give you the best chance of success.
You may think that managing your Oslo properties yourself is an easy option, but are these savings justifiable when you run into Oslo red tape? Physis Realty Oslo office in downtown provides you with peace-of-mind and leaves you time to plan your next move in the growing Oslo buy-to-rent sector.

With our expert guidance, investing in Oslo provides the secure knowledge that your money is working harder than it would in a local Oslo bank and that future generations of your family will be left with substantial capital growth assets.

We are always happy to advise on buying investment property in Oslo, where we have been established for over 35+ years. Physis Realty has been a firm fixture in the Oslo property market through good times and bad. Our experts have seen it all and our portfolios continue to outperform.

Flipping Investment Property in Oslo

Flipping property in Oslo

Flipping property is when we advise clients to buy a Oslo property below market value, renovate it and then make a profit by selling it at a higher price, all within a few months, and often before the Oslo market has a time to react to the renovation.

The Flipping Strategy in Oslo

Investment property flipping in Oslo is a simple strategy. You find a property that is in need of renovation from our list and purchase it for a low price. These type of Oslo real estate investments are sometimes referred to by professionals as ‘distressed’ Oslo real estate.

What is distressed Oslo property:

Oslo property in need of renovation
Oslo real estate with a change of purpose and use
Oversold Oslo property
Bank repossessions in Oslo

Put simply, long term investors in Oslo purchase the property, renovate it and make it a lot more attractive to potential buyers.

Calculate profit that you make from Oslo investment property flipping:

Final Selling Price less Cost of Purchase less Costs = Profit

Here is an example:

Oslo property purchase price: $220,000

Renovation costs: $20,000

Other costs: $25,000

Property sale price: $400,000

Profit: $135,000

Experienced property developers in Oslo use a minimum profit value of 22% when looking at potential Oslo projects. The reason for this is because there are lots that can go wrong in Oslo property flipping and working on a potential margin of 22% should still leave a good margin of error.

Luxury Property in Oslo

For luxury property investors hoping to add a superb property in Oslo to their luxury real estate investment portfolio, Physis Realty is a trusted partner.

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A world leader in luxury real estate with a portfolio comprising some of the most sought-after real estate in Oslo, Physis Realty caters particularly to high net-worth individuals and families. A luxury real estate investment in Oslo should be entrusted to only the highest-quality agency.

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