Oslo

Oslo is Norway's capital and the centre of Europe's wealthiest sovereign-wealth-fund-backed economy. The city sits at the head of the Oslofjord, surrounded by forests and lakes, and has rebuilt its waterfront over the past 15 years into one of Europe's most ambitious urban regeneration projects (Bjorvika, Tjuvholmen, Sorenga). Residential prices in central Oslo (Frogner, Majorstuen, Grunerlokka, Sentrum) run NOK 75,000-115,000 per square metre (EUR 6,400-9,800), with gross yields of 3.5-4.5%. Norway is outside the EU (EEA only), uses the NOK rather than EUR, and has fully open foreign-buyer access -- making Oslo one of the simpler Nordic markets for international purchase. The Norges Bank cut rates 75bps in 2025 and is expected to continue easing through 2026. For international buyers, Oslo offers AA+ sovereign stability, strong English fluency, a high-income tenant base from oil/gas and the sovereign wealth fund ecosystem, and the lifestyle appeal of one of the world's most liveable cities. The catch: NOK volatility creates FX risk for EUR/USD investors, and high transaction costs (5-6% all-in).