Spabo Eiendom is selling a new batch of apartments in Oslo’s west side due to declining profitability in the rental market. The company believes current tax levels are making it financially unsustainable to continue renting the properties. This sale, valued at 250 million Norwegian kroner (approximately $23 million USD), reflects a larger trend of landlords reassessing investment strategies in Norway. High taxes on rental income are significantly impacting returns, making sales a more attractive option. Spabo Eiendom’s decision highlights growing concerns within the property sector regarding the financial viability of long-term rentals. The move could potentially impact Oslo’s rental availability and influence future investment in the residential property market. This sale indicates a shift away from rental properties towards outright sales for Spabo Eiendom.