Foreign buyers

Svarthetta-og-Skogshorn.jpg

Significant currency discount on holiday home purchase

The Norwegian holiday home market and the weak Norwegian krone have become an attractive alternative for international investors dreaming of buying a vacation property—especially for those holding euros or Danish kroner (DKK). The Norwegian mountains also represent the shortest route to nature, mountains, and a proper winter experience from Denmark, and Hemsedal is the top choice for Danish skiers. According to Deutsche Bank, the Norwegian krone is considered the most undervalued currency in Europe, and forecasts suggest a significant strengthening of the krone in the future.


This presents a unique opportunity for Danish buyers to take advantage of the current exchange rate, making for a very favorable investment, strong forecasts for property value growth in Hemsedal, and potential currency gains in the future. In addition, Hemsedal is one of the mountain destinations in Norway with the highest turnover from holiday home rentals, making it easy for Danish owners to rent out their property when not in use—thanks to well-established local rental platforms.

Model: Estimated Currency Gain Value, Tuv Hemsedal, Phase 1

Average price for an apartment in Skogshorn: NOK 4,200,000

  • Exchange rate as of 29.07.2025
  • 1 Euro = 11,87 NOK
  • 1 DKK = 1,5924 NOK

For DKK holders:

  • Price in DKK = NOK 4,490,000 / 1,5 = DKK 2,637,528

For Euro-holders:

  • Prce in Euro = NOK 4,200,000 / 11,87 = €353,833

*Assuming a moderate annual price increase of 5% (average growth 2019-2024: 9%), the apartment would be worth after 5 years:
NOK 5 360 000.

Gain from property appreciation: NOK 1,160,000

  • If we also assume that the Norwegian krone strengthens by 10% against the Euro and DKK, the exchange rates would be:
  • 1 DKK = 1,4332 NOK
  • 1 Euro = 10,863 NOK

In the case of a sale after 5 years, the gains would be:

For Euro-holders:

  • Price in Euro = NOK 5,360,000 / 10,863 = €501,731
  • Gain after 5 years: €147,898

For DKK-holders:

  • Price in DKK = NOK 5,360,000 / 1,4332 = DKK 3,739,883
  • Gain after 5 år: DKK 1,102,355

* Model: developed by Tuv Hemsedal Utvikling AS, 29.07.2025