What are the downsides of renting in Norway according to tenants?Â
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Loading... - Darcy Lloyd
- 05 Apr 2022
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Despite Norway being a country of homeowners, with around 70 percent of people in their 30s having a foot on the property ladder, most residents will rent at some point in their lives.
Recent figures from Statistics Norway have found that tenants in Norway have a lower perceived quality of life than homeowners, among other things.
“The quality of life survey shows that tenants in Norway are less satisfied with life than homeowners. The difference is particularly prominent for middle-aged people,” the report stated.
However, there was little to no difference in the quality of life of homeowners and tenants in their 20s.
Tenants were also found to be less satisfied with their homes than owners in all age groups that Statistics Norway analysed. 41 percent of tenants in their late 20s were dissatisfied with their home compared to 17 percent of owners in the same age group.
The proportion of tenants dissatisfied with their housing increased as they got older, before declining again between 67 and 79, while the proportion of owners unhappy with their homes fell with age.
Renters were also more likely to experience a marital breakdown or suffer severe financial difficulties. Almost four out of ten who rent said they had experienced serious financial problems over the last five years, and just under a third said they had been through a divorce in the last half a decade.
Another drawback of renting compared to owning was being less likely to feel a sense of belonging in their local area. Less than four out of ten tenants said they felt a connection to where they lived. However, this was attributed to renters relocating more often. Read More…
