Buying a house

Hi - your message would call for a multiple pages answer. I can give you some hints and some ideas:

* From a tax perspective it is better to own something than to rent as you can deduct around 1/3 of your interest from tax and the debt you are likely to have on your house reduce "your fortuen", which is the total value of your assets and is subject to a 1% tax - but in my opinion all this is valid when you have already a certain salary, above NOK 600K a year, below the advantage is not so big

* As for the banks, they are open to give loans to foreigners, your job situation is the main driver, however it may be more difficult for you to borrow 100% of the sum than it is for a norwegian or for somebody living in Norway for more than five years.

* As for the place, this is subject to much debate, but detached houses are indeed extremely expensive inside oslo or on the south west side (Baerum), they are indeed cheaper in north of east side. Traffic jam is one of the driver for this difference in cost. But I would not say that the "deals" are there ...

* There is no discriminatory barrier to buy something in Norway as long as you have a residence permit - it may even be possible without it but I guess the paperwork will be more complicated

* Heating as it is electric can be expensive, especially for older houses; you may around 20 000 a year for 120 m2 old house as electricity bill

Hope this helps!

In Phoenix we have $300/month electric bills for a few of the summer months because of air conditioning (it's above average because our AC is not very efficient), but it sounds like heating will cost even more than that; 20K kr per year works out to about $277 per month if you assume it's the same every month (which it isn't) so I guess you mean something like $500-600 per month in the winter.  I did find a couple of places on finn with district heat though; I assume that means hot water radiators or something like that, which would be ideal I would think?

But there seem to be high standards for insulation quality in Norway (energy certificates, which I don't understand too well yet).  Is that the reason why most houses seem to be built from wood rather than masonry?  In Phoenix brick and hollow concrete block are popular, and we also have a bad problem with termites so it's better not to build from wood.  I would expect more maintenance if I can't find a brick house.  But the usual tile roofs look good; do they last a long time?

Where do you think the best area is to live, given that my job will be near Nydalen station, I'd like to be able to take the train to work (or walk or bike if it could be that close) rather than having to drive every day, and I think the budget for a house is going to be under 2M kr?