Even if Norway is not a member of the European Union, it is a country particularly desired by many Europeans, both as a tourist destination, but also as the perfect place to be able to relocate. A land rich in a wonderful nature, with a population with an open mind and highly technological.
At Realigro, today, we decided to analyze Norway from an economic and social point of view, with particular attention to everything related to the real estate market. So, if you are ready to find out more and maybe invest by buying a property in Norway, you are in the right place! The mini guide signed Realigro is about to begin!
Let's start with one of the most feared problems when it comes to travel: what are the documents needed to access Norway?
Norway is a member of the Schengen agreement, so it will be more than enough to show a valid identity document for expatriation or a passport. (both valid from the moment of entry into the country).
After passing the administrative hurdle, let's get to the heart of our mini guide. A problem that often worries investors, is given by the language spoken in the country where you choose to move. In Norway the official language is Norwegian, along with other local idioms. But you don't need to learn a new language to live in this country. In fact, as is often the case in extremely developed countries, English will be your lifeline!
But the real question that often makes the difference is this: how do you live in a country in economic terms? Well, even in this case, Norway will surprise you. In addition to being one of the areas where the level of welfare is among the highest in Europe, the cost of living is well proportioned to the services offered by the state to the community. To give you an idea of what we are talking about, we have decided to include a small list, with prices for basic necessities. Let us remember that the official currency is the Norwegian krone, corresponding to 0.10 euros.
Meal, Cheap Restaurant. 180,00 kr
Meal for 2 People, Medium Restaurant, Three-Course 800,00 kr
Menu from McDonalds (or equivalent menu)110,00 kr
National beer (0,5L draught) 86,00 kr
Milk (normal), (1L) 17,86 kr
Fresh white bread loaf (500g) 26,58 kr
Rice (white), (1kg) 25,27 kr
Eggs (normal) (12) 36,69 kr
Local cheese (1kg) 104,60 kr
Chicken breast (boneless, skinless), (1kg)121,32 kr
One way ticket (local means of transport) 36,00 kr
Monthly subscription (full price) 750,00 kr
Basic (Electricity, Heating, Air conditioning, Water, Garbage) for an apartment of 85m2 1.532,33 kr
And now, the moment you've all been waiting for: how much does it cost to buy a property in Norway? To sign a lease agreement prices start from 10,071.46 kr per month. Otherwise, to appropriate a property, from 56,720.94 kr per square meter.
Now that you know everything, but everything, you just have to pack your bags to discover Norway!
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