More struggles buying a farm in Norway...
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Welcome back to another farm update. This time we're going through seven farms that we have been looking at in the meantime, legislation changes, and property market changes. We obviously have to touch on the rising interest rate.
Whether you are in the game for a cabin or farm in Norway, it isn't the most straightforward project. But there is always hope for a good deal.
Maybe this was the last farm search update video. Let us see! :D
#norway #farm #housing
00:00 Budget and Interest Changes
02:54 Properties of Interest
12:18 Market Changes and other Initiatives
Stay awesome sir I believe in you!
Cheers Wilson, it will fall into place eventually :)
All those prices are still much cheaper than what I see in the US, still. It seems that in Norway too people are realizing they must get out of cities. That farm where the farmer wanted to sell the farm without the land is what's plaguing the market in France, where I looked, since i"m from there.
They are, it's loads to redo but manageable. Here we have an enormous outdoor culture, much more than anywhere else in Europe. And yes, that is a big-time problem, the big farmers buy up land, strip down the properties and then sell it as some sort of a house...
@@tilldaling Maybe you should just buy land and build a timber structure. Sometimes it's harder to fix something really badly damaged that to build from scratch.
France has a problem with Longères, but it's the paysans who think they can sell the old house to some Parisians and keep the land to grow crops. In Norway, the problem is that almost everyone owns their own flat, usually from a very young age. They leveraged everything they add to by them with variable interest rates and they now realize they can't afford it with 4%+ rates. So they look at whatever old rundown farm they had as an inheritance and try to flush out of it as much money as possible. Very bad time to buy in Norway's country side.
I hope you find your bondgård Till! I wonder if you did buy one you can rent out some of the cottages or a part of the farmhouse as a bed and breakfast. There is this show I started watching called Country House Rescue. Most of the people have inherited these massive stately houses but cannot keep up with repairs. Usually, an advisor goes over and convinces the occupants to turn part of their estate into a bed and breakfast, business, or host day events to pay for repairs and upkeep.
Thank you very much :) That's very much appropriate! I thought about rental and offering retreat like guiding, hunting and living alongside nature :) some courses regarding nutrition and photography could also be nice to give 😊
@@tilldaling You are welcome. I actually took some nutrition, psychology, and bereavement courses for the past few months . I noticed my health started to decline over the years but even more so due to the pandemic and taking care of/loosing a relative. I want to more wildlife courses in the near future but right now. I am focusing on stabilizing my health.
A retreat might help other people and some guiding courses. I think people are going to be feeling the effects of the pandemic for more years to come sadly.
I just saw a reel of yours and I was like ooo cabin in Norway. I was just thinking I would enjoy to see some other people in Norway on UA-cam and this was very interesting as someone who would also enjoy to buy a småbruk
Very glad you made it over here Liam :) And I'm glad you enjoy that stuff as well. The småbruk search has been a lengthy process but it seems like it might be coming to an end in 2023 :) Won't spoil too much
Buy a small plot and build a small cabin yourself, or go in neighboring Sweden, or in another EEA country! A house can be a blessing and a good investment but also a trap for a young man.
Didn't expect it could be so difficult to find....Thanks for all these details. You are not helped by your viking appearence , it seems.....😉 But , surely , you will find your dreamed homestead. 👍
I'm afraid not, Viking looks don't do much in real estate 😅 it's more useful for raiding I guess
@@tilldaling surely😉
Ha! No, the only look that matters in real estate is the look of money. It’s just the way it is.
@@stevenjohnson7086 Not false
This problem is the same here in California. It seems like everything you have mentioned in the video is comparable to here. Maybe the costs here are much higher, but all those same problems… like not being told about a motorbike park, ha!
Yes, that one was the worst looking at a countryside home :D
@@tilldaling A common problem with old farm homes in Central California - San Joaquin Valley is just like something else you mentioned. The property owners often parcel out the old homesite away from the original farmland, so you can get a nice home in the country, but it's without very much land you can use. Certainly not enough land to grow specialty crops you could sell.
Maybe it's big enough for a large garden and a place for some other things, but the surrounding land is commercially farmed. You have no control over how they harvest, what they are spraying or when they do it. Some farming harvest operations are done at night to speed up the harvest.
I'm sorry if I missed this in your previous videos. But why a "farm" specifically? Why not get a big property, a couple of kilometers away from the city, then the price is much lower.
Never be sorry for that :) I'd take that too but there are pretty much zero properties like that for sale. Most land in Norway is associated with farms or is impossible to build on
@@tilldaling ah yeah that sucks. Every couple of months I look at properties on finn.no, and I'm specifically looking for empty land. That's also quite a challenge. Location is one thing, but a lot of it is only intended for building vacation homes or stuff like that, which makes it quite difficult to find the perfect place.
Hei Till, ich frage mich gerade, was mit den Farmen passiert, welche nicht innerhalb der 2 Jahresfrist nach dem neuen Gesetz verkauft werden können? LG aus Hamburg, Claudia
Wahrscheinlich ein langwieriges Zwangsverfahren und dann kommen diese Farmen auf Finn.no
@@tilldaling Hoffentlich dann viele günstigere, ältere, etwas renovierungsbedürftige und kleine småbruker mit etwas Land, denn dann kann ich mir auch meinen Traum erfüllen ❤️❤️🤔
posted this before I saw you where looking in indre fosen. so you probably know about this :P I will keep my eyes and ears open as we live here to. You could try contacting indre fosen hagelag. There are a lot of older people who knows a lot about properties in the municipality and what are going to be sold etc.
I've been in contact with the commune for a bit now! :) This year there hasn't been too much for us to have a look at. Just saw that I actually know quite a few guys in Indre Fosen hagelag, so I've been speaking to them before without success so far :)
I am wondering what is the definition of being rich in Norway in terms of disposable monthly income and/or assets?
That is a great question. I might not have enough knowledge to say for sure but here is a guess. About 100-150K USD Income after tax. Or maybe 2M USD in assets. I assume somewhere around that.
@@tilldaling I presume the definition may start at 2X the average. It may also mean that with a small self sufficent farm you are living just outside the system. However the farm as such, in theory, bought at the right moment may be a good asset whose value may increase in time.
Hey Till, would buying empty land and asking permission to build a house work?
It does but might take loads of time and nerves. Normally land is pre regulated for housing. If not getting it regulated can be quite a pain. It might be easier to buy ruins :)