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Real Estate in Tromso, Norway | Expat Exchange
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Real Estate in Tromso, Norway

Cigna Global Health
Cigna Global Health
Cigna Global Health
Cigna Global Health

By Joshua Wood, LPC

Last updated on May 08, 2024

Summary: The most desirable neighborhoods in Tromso, Norway are the city center, the waterfront, and the suburbs. The average cost to buy a nice 2 bedroom home in Tromso is around $400,000 USD, while a nice 3 bedroom home is around $500,000 USD. These properties typically include modern amenities such as central heating, modern kitchens, and bathrooms. There are no restrictions on foreign ownership for properties in Tromso. An expat looking to buy a home in Tromso should start by researching the different neighborhoods and their amenities. They should also look into the local real estate market and compare prices. Additionally, they should consider hiring a real estate agent to help them find the right property. Finally, they should make sure to get all the necessary paperwork in order before making a purchase.

How do I find a place to live in Tromso?

We asked expats how they chose their neighborhood and found a place to live. They answered:

"We found our place to live off the internet site here in Norway Finn.no. We weren't concerned about neighborhood as much as we were concerned about finding a place to live. Its a University island so places go fast and there's not a lot available," said one expat in Tromso.

"Finding a place to live in Tromso is easy. There are a variety of options to choose from, including privately-rented apartments and houses, social housing, student accommodation, and more. The Norwegian State Housing Bank offers subsidies and rent deduction options, and rental agencies like Finn.no and Hybelportalen offer an extensive range of rental properties. The websites of Tromso University, student unions, and NGOs such as Frifond are also good sources of information and could help you find suitable accommodation. Additionally, local newspapers and search engines such as Airbnb and Booking.com have listings of accommodation options," remarked one member in Tromso.

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SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
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What is a typical expat home or apartment like in Tromso?

"Expat homes and apartments in Tromso tend to be spacious with high ceilings and large windows that allow for plenty of natural light. There are generally a variety of options for expats in terms of size, style, location and budget. Many apartments offer modern amenities such as decking/balconies, laundry facilities, storage areas, and fully equipped kitchens. In addition, some popular amenities include underfloor heating, whirlpool baths, and secure parking lots. Many apartments also offer incredible views of the mountainous landscape, which can be enjoyed from the comfort of your home. Most expat residences are located near the city center or the stunning Arctic ocean, allowing for easy access to the many activities and restaurants that Tromso has to offer," said one person in Tromso.

"We live in a one bedroom apartment that we were able to sublease fully furnished. Typically people live in houses if available," remarked one foreigner who made the move to Tromso.

SJB Global

SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.

Learn MoreConnect

Click connect to have our partner contact you via e-mail and/or phone.

SJB Global

SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.

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What is the average cost of housing in Tromso?

If you are thinking about moving to Tromso, cost of living in probably a key consideration. Expats commented about the cost of housing:

"The cost of housing in Tromso varies widely depending on location and size of the property. However, on average, rental prices for a one-bedroom apartment in the city centre can range from around 5,000 to 9,000 NOK per month," said one person in Tromso.

"The housing and food costs is the most expensive you will ever find in all of the world. Our small 1bdrm is $1300 and food costs are about $1200/mth for 2 people. Beers are $12/pint if that gives you any indication of food prices," remarked one foreigner who made the move to Tromso.

Should I buy or rent a home in Tromso?

If you have not spent a lot of time in Tromso, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:

"Buying or renting a home in Tromso depends on several factors. If you plan to stay in the city for an extended period, such as several years, buying may be a better option. It can be expensive to buy a home in Tromso, but if you have the financial resources and can afford the up-front costs, then it may be worth it in the long run. Owning a home can also help build wealth over time, while renting typically does not. However, if you are only planning to stay in Tromso for a shorter period of time, renting may be a better choice. Renting can often be cheaper, and more flexible, than buying a home. It is also less complicated and involves less commitment. Ultimately, it is important to consider your own needs and resources when deciding whether to buy or rent a home in Tromso," said one person in Tromso.

What do I need to know when buying property in Tromso?

When we asked expats what advice they would give a foreigner before buying a property in Tromso, they said:

"1. Research the local property market: Familiarize yourself with the Tromso property market, including average prices, popular neighborhoods, and types of properties available. 2. Hire a real estate agent: A local real estate agent can help you navigate the property market, find suitable properties, and negotiate the best price. 3. Understand the legal requirements: Norway has specific regulations for foreign property buyers, so it's essential to understand the legal requirements and restrictions before purchasing property in Tromso. 4. Obtain financing: If you need a mortgage to buy property in Tromso, research the available financing options and secure a mortgage pre-approval before starting your property search. 5. Consider additional costs: When buying property in Tromso, be prepared for additional costs such as taxes, legal fees, and property maintenance expenses. 6. Inspect the property: Before finalizing the purchase, have the property inspected by a professional to identify any potential issues or necessary repairs. 7. Make an offer: Once you find a property you like, work with your real estate agent to make an offer and negotiate the best price. 8. Sign the contract: After agreeing on a price, you'll need to sign a purchase agreement and pay a deposit to secure the property. 9. Complete the purchase: The final step in buying property in Tromso is to complete the purchase by transferring the remaining funds, registering the property in your name, and paying any necessary taxes and fees. 10. Plan for property management: If you're buying property in Tromso as an investment or vacation home, consider hiring a property management company to handle maintenance, rentals, and other responsibilities," wrote one expat who made the move to Tromso.

Are foreigners allowed to own property in Tromso?

When we asked expats what advice they would give a foreigner before buying a property in Tromso, they said...

"Yes, foreigners are allowed to own property in Tromso. There are no specific restrictions on foreign property ownership in the country. However, the process of purchasing property may be more complex for non-residents, as they may need to secure financing from a Norwegian bank and navigate the local real estate market. Additionally, foreigners may be subject to certain taxes and fees when purchasing property in Norway. It is advisable for foreigners to consult with a local real estate agent or attorney to ensure a smooth property acquisition process," said one person in Tromso.

What appliances are typically included in a rental?

We asked foreigners in Tromso what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:

"In a rental property in Tromso, you can typically expect to find essential appliances such as a refrigerator, stove, oven, and dishwasher in the kitchen. Additionally, a washing machine and sometimes a dryer are usually provided for laundry purposes. Some properties may also include a microwave, coffee maker, and other small appliances. However, it is essential to check the specific rental listing or consult with the landlord to confirm the appliances included in the property," explained one foreigner living in Tromso, Norway.

Additional Information about Searching for a Home in Tromso:

We asked foreigners in Tromso what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included...

"Expats looking for homes in Tromso often start their search by browsing online real estate websites and local classifieds to get an idea of the housing market. They may also join local Facebook groups and online forums dedicated to expats in Tromso, where they can ask for advice and recommendations from fellow expats who have already gone through the process. Additionally, expats may reach out to local real estate agents who are familiar with the area and can help them find a suitable home based on their preferences and budget. Networking with locals and other expats can also be helpful in finding potential rental or purchase opportunities that may not be advertised online. Finally, visiting Tromso in person and exploring different neighborhoods can give expats a better understanding of the city and help them decide where they would like to live," explained one person living in Tromso, Norway.

About the Author

Joshua Wood Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.

Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.

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