Stavanger

Country

Population

143,574

Renting

3 Things...

1. Stavanger is known as the "Oil Capital of Norway" due to its pivotal role in the country's oil industry, particularly after the discovery of oil in the North Sea in the 1970s, which transformed the city’s economy. 2. The city is home to one of the oldest wooden houses in Northern Europe, known as "Gamle Stavanger" (Old Stavanger), which features well-preserved wooden buildings dating back to the 18th century. 3. Stavanger hosts the annual Gladmat Festival, which is one of the largest food festivals in Scandinavia, celebrating local cuisine and attracting food enthusiasts from across the region to enjoy various culinary experiences.

Organisations

Helen & Hard

Inspiring Projects

Vindmøllebakken

Unlisted Orgs

Population (AI)

143,000

Enrich by AI!

Last edited

Sep 30, 2024 6:49 PM

Category

Local programs

Housing Market

In Stavanger, Norway, the housing market is experiencing significant challenges. The city is facing a housing crisis marked by shortages and escalating rents. According to recent data, the rent of a two-room apartment in Stavanger has decreased by roughly 27 percent, indicating some relief in the rental market. However, the overall housing affordability remains a concern. Stavanger, like other parts of Norway, has seen recent increases in housing prices, particularly influenced by factors such as interest rates and oil prices. The city's housing market is characterized by a mix of homeownership and rental properties, with a notable portion of residents renting their apartments. Approximately 30% of EU residents, including those in Stavanger, are renters, with some living in overcrowded conditions. To address the housing crisis, Stavanger and Norway are implementing various measures. The government has announced strategies to support the construction of affordable housing, including providing financing for rental housing for disadvantaged persons through Husbanken. Additionally, there are efforts to relax constraints on higher-density residential building in inner-city areas to increase the supply of affordable housing. These initiatives aim to relieve cost pressures on vulnerable households and promote sustainable housing solutions.

Further Actors?

Cooperatives

The role of housing cooperatives in Stavanger, Norway, is significant in providing affordable and sustainable housing options. These cooperatives offer community-driven, democratic governance, and promote social equality. They play a crucial role in addressing the housing crisis by providing stability and access to credit for potential homebuyers. In Norway, housing cooperatives are part of the broader social housing strategy, which includes initiatives to increase the construction of affordable housing and relax constraints on higher-density residential building in inner-city areas. The city of Stavanger supports cooperative housing through public land concessions and innovative financing models, such as those provided by Husbanken, which offers loans and grants for rental housing for disadvantaged persons. While specific data on the market share of housing cooperatives in Stavanger is not available, the city's approach to promoting cooperative housing includes public-private partnerships and community-led initiatives. New housing cooperatives have emerged in recent years, focusing on sustainable and inclusive housing models. The city's efforts align with the broader European trend of recognizing cooperatives as vital partners in the socially inclusive twin digital and green transition.