Industry insights
Buying a holiday home in Norway
5 Feb 2023
·
By Sophie Eminson
Buying a holiday home in Norway is not only an exciting prospect but also a great investment opportunity for those looking for long-term rental income, or just looking for somewhere special to spend their vacations. Norway is one of the most beautiful countries in Europe and has one of the most advanced economies in the world – so it’s no wonder why so many people choose to buy a holiday home here and visit the country.
Host Răzvan uses Travelnest to advertise a portfolio of properties around Norway.
Becoming a vacation rental host in Norway
Firstly you should decide which area of Norway appeals most to you and what type of property you’d like to buy. The capital region Oslo, as well as the Western Fjords are increasingly popular with tourists; as well as Tromsø which is know for being able to see the northern lights. Cabins and summer houses, known as sommerhyttes, are also a popular choice amongst visitors. Once you have done your research, it’s time to find an experienced real estate agent who can help you navigate the process. Working with an expert will ensure that all paperwork is handled correctly and that any potential issues are dealt with quickly and efficiently.
Advertising a holiday home in Norway
Advertising on channels like Airbnb, Vrbo, and Expedia help hosts in Norway reach thousands of potential guests. These booking sites offer reachability, convenience, and a ready-made platform which makes it easy for users to find you. These websites offer extra tools and guidance that can help property owners manage rental operations more easily. With Travelnest, you can advertise on all of these channels plus many more for free, all from the one account.
Norwegian Tax Administration
In 2020, The Norwegian Tax Administration (Skatteetaten) introduced new regulations for those renting out holiday homes. You can find out more on the Skatteetaten and also in the Airbnb Norwegian responsible hosting guide. We always recommend checking with your local authority any regulations surrounding short-term rental in your area.
