Quarterly house price to rent ratio in Norway 2015-2023
The house price to rent ratio in Norway declined slightly in 2023, after peaking in the second quarter of 2022. In the second quarter of 2023, the house price to rent index stood at 121.1 index points, down from 126.2 index points during the same period the year before.
The house price to rent ratio is calculated by dividing nominal house prices by rent prices, with 2015 as a base year when the index value was set to 100. A value of 130 shows that house price growth has outpaced rental growth by 30 percent since 2015. Norway's house price to rent ratio was below that of the OECD average.