A small apartment in a city center may be the best real estate purchase today. That is the advice from Grethe Meier, an analyst at Privatmegleren. She points to rising demand for central locations combined with limited supply.
Meier highlights one-bedroom units as particularly attractive. These properties sell faster and often at higher prices per square meter. She cites data showing such apartments in Oslo now account for 30 percent of all sales, up from 22 percent two years ago. The average price for these units has climbed 12 percent over the same period.
The trend reflects shifting buyer priorities. Many now prefer proximity to work and services over larger homes farther out. Meier notes this especially applies to young professionals and first-time buyers who have limited budgets but need central locations.
She also warns about risks. Prices in some central areas may have peaked. Buyers should check rental yields if they plan to let the property. Long-term price growth may slow in neighborhoods where supply is increasing.
Meier recommends focusing on neighborhoods with good transport links and amenities. Areas near major public transport hubs tend to hold value better. She says buyers should act quickly as competition for such properties remains strong.
Source: e24.no