Oslo
Oslo

Oslo

Unlisted Orgs
Population (AI)

1,546,706

Enrich by AI!
Last edited
Sep 30, 2024 6:49 PM
Category
Outside EU
Local programs

Housing Market

The housing market in Oslo is characterized by high prices and a significant shortage of affordable housing. As of 2022, 68.4% of households in Oslo own their homes, while 31.6% rent their homes, which translates to approximately 110,000 renting households out of 180,000 people. The city is facing a housing crisis due to rapid population growth and insufficient housing supply, leading to a severe increase in housing prices, with prices per square meter being around 75% higher in Oslo than the national average. To address this crisis, Oslo is implementing various measures to support and build affordable housing. The city has introduced regulations on lending practices to slow the growth in housing prices and ensure financial stability. Additionally, there are initiatives to provide financial support for low-income groups, such as startup loans and housing support programs. The city is also promoting alternative purchasing solutions and increasing the supply of municipal housing to meet the demand for affordable housing. These efforts aim to make housing more affordable and sustainable for all residents.

Further Actors?

Cooperatives

Housing cooperatives play a significant role in Oslo, Norway, representing 32% of the housing market in the city. These cooperatives have been instrumental in providing affordable housing options and have been supported by various initiatives. The Oslo Bolig og Sparelag (OBOS) is a notable example, having evolved significantly since its inception in 1929. It has transformed from a radical housing initiative to a more mainstream housing provider, influencing the housing landscape in Oslo. In recent years, there has been a continued emphasis on cooperative housing, with efforts to make housing more affordable and sustainable. The city promotes cooperative housing through financial instruments such as Husbanken’s loans for affordable housing construction, which enable developers to lease units at market rent, thereby integrating benefit recipients into better neighborhoods. Oslo's housing policy targets disadvantaged populations, including low-income households, renters, and immigrants, aiming to reduce housing costs and improve living conditions. The city's approach includes regular reporting on disadvantaged persons and municipal housing, aiding in the evaluation and improvement of social housing policies.