Oslo

Country

Population

693,491

Renting

3 Things...

1. Vigeland Park: One of Oslo's hidden gems, Frogner Park is home to the world's largest sculpture park made by a single artist, Gustav Vigeland. The park features over 200 sculptures in bronze, granite, and wrought iron, attracting both tourists and locals year-round. 2. The Oslo Opera House: Opened in 2008, the Oslo Opera House is renowned for its striking modern architecture and is designed to resemble a glacier rising from the fjord. Visitors can walk on its roof for panoramic views of the city and the surrounding waters. 3. Akershus Fortress: This medieval castle and fortress, located in the heart of Oslo, dates back to the late 13th century. It has served various purposes over the years, including a royal residence and a military base, and now offers guided tours and stunning views of the Oslofjord.

Organisations

Unlisted Orgs

Population (AI)

1,546,706

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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.