Good times for foreign investment in holiday property
The weak Norwegian krone offers a unique opportunity for those holding Euros or Danish kroner to invest in Norwegian holiday property.
The Norwegian cabin market has become an attractive option for international investors. The weak Norwegian krone gives a financial advantage to those buying property in Norway, especially for those in the eurozone and Denmark.
Favourable exchange rate
According to Deutsche Bank, the Norwegian krone is one of the lowest-priced currencies in Europe. Forecasts suggest the krone will strengthen going forward, opening up a unique opportunity to take advantage of today's favourable rates.
What does this mean in practice?
For a German or Danish buyer, it can mean considerable savings on a cabin purchase. At today's exchange rate, a cabin costing 3 million kroner will cost considerably less in Euros than it did just a few years ago.
Norwegian mountain cabins – a sound investment