PRICE ADJUSTMENT FOR NEW CONTRACT 2024/2025

The Anker Foundation has historically aimed to keep our rental prices in line with the Student Welfare Organisation (SiO) in Oslo. Consequently, in recent years, the rent increase upon entering into new contracts has been significantly lower than the increase in the commercial rental market.

In today's tight rental market, the average rent level at the Anker Foundation is now 25-30% lower than in the commercial market. At the same time, the Anker Foundation includes electricity, heating, broadband, and other services in the rental price.

Unlike SiO, the Anker Foundation does not receive government subsidies. Therefore, the foundation engages in commercial activities to subsidize student housing operations. Additionally, the foundation must pay property tax, wealth tax, and tax on profits from our commercial operations. High electricity prices, generally increased cost levels, rising interest rates, and a significant increase in tax burden will result in a considerable increase in the foundation's costs going forward. To maintain good housing quality, we also allocate significant funds to maintenance and upgrades of our properties. Consequently, it will be challenging to keep rents at the level of SIO in Oslo in the future.

Did you know the Anker Fountdation participated at the Committee hearing at the Parliament (Stortinget)? 

https://www.linkedin.com/posts/anker-sti_stiftelsen-anker-har-v%C3%A6rt-i-komit%C3%A9h%C3%B8ring-activity-7184573097902018560-bu7S?utm_source=share&utm_medium=member_desktop

Upon entering into new lease agreements for 2024/2025, some of our apartments will therefore see a larger increase in rent than before. The Anker Foundation still aims to keep rental levels significantly lower than commercial market rates.