Total Area: 385,155 km²
GDP (in billion USD): 484
Norway, officially the Kingdom of Norway, is a Scandinavian unitary constitutional monarchy whose territory comprises the western portion of the Scandinavian Peninsula.
House price rises are expected to continue in 2013, due to low interest rates and income growth. Statistics Norway estimates a rise of 6.8% in house prices in 2013, with 6.2% price rises in 2014, and 5.9% in 2015. Norway's economy is likely to continue strong in 2013 with a predicted expansion of 2.8%, following GDP growth of 3.1% in 2012, and 1.2% in 2011. The economic upturn in 2013 will be possible through high petroleum investments and low interest rates.
Yields for properties in Oslo range from 3.6% to 5%. Properties in Bergen and Fjords areas have similar yields, at 3.9% - 4.2%. Properties in Oslo can cost you around €5,000 to €6,700 per sq. m., depending on the size of the property; monthly rents are around €750 to €2,400. Bergen and Fjords' rental markets offer a cheaper alternative, with properties costing €2,200 to €3,500 per sq. m. and monthly rents ranging from €450 to €1,200.