Totalpris (total price = asking price + your share of the joint debt)

In Norway, the totalpris is the asking price plus your share of the borettslag's joint debt (fellesgjeld), which is the real number to compare homes on.

Totalpris is the real price of a home: the purchase price plus your share of any joint debt, plus the purchase costs. On a borettslag flat the asking price can look low while the total price is much higher because of the fellesgjeld. Always compare homes on the total price, not the asking price.

Read more in the guide Joint debt and borettslag economy: the real price of a Norwegian flat Calculate it yourself Purchase costs

Related terms

Prisantydning (asking price / guide price) Fellesgjeld (joint debt of the housing co-op) Felleskostnader (monthly shared costs / common charges) Borettslag (Norwegian housing cooperative) Dokumentavgift (Norwegian document/stamp duty on property) Budrunde (bidding round)

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