Øster hus AS
Øster Hus AS is Sandnes-based, family-owned Rogaland's largest residential developer, building and selling ~270 new apartments, townhouses, single-family homes per year across the Stavanger-to-Hå corridor under a no-advance-payment, fixed-price direct-to-consumer model.
- Company typePrivate
- Founded1974
- HeadquartersSandnes, Norway
- Headcount11–50
- GTM typeB2C
- OfferingServices
What Øster hus AS does
Øster Hus AS is the largest residential developer in Rogaland, Norway, founded in 1974 by the Østerhus brothers and headquartered in Sandnes. The company develops and sells new-build homes — apartments, townhouses, semi-detached houses, and single-family homes — and a smaller portfolio of cabins in Sirdal, operating across the Stavanger-to-Hå corridor. Its published project pipeline includes multi-hundred-unit master plans such as Hove Park (231 planned homes) and Enokbakken (178 planned homes), with active sub-projects at Vedafjell, Nore Sunde, Aase Allé, Jåtun, and Hafrsby; pricing spans roughly kr 3.74M to kr 12.99M NOK per unit.
The business runs on a direct-to-consumer model: dedicated in-house sales staff, project-site show homes with weekly Tuesday viewings, and a self-serve website (oster-hus.no) with interactive 3D property models, brochures, and interest registration. Core commercial differentiators are "Ingen forskuddsbetaling" (no advance payment until move-in) and "Fastpris" (fixed-price contracts with no index regulation), which together constitute the company's "Vi bygger uansett" (we build regardless) philosophy, allowing construction to proceed without the 70% pre-sale conditions common among competitors. Underlying construction practice combines in-house carpentry (tømmermenn) with long-standing trade partners for concrete, electrical, plumbing, sheet-metal, and joinery, plus modern efficiency features such as balanced ventilation with heat recovery in every new home. Approximately 270 homes are sold per year; the firm has ~140 employees including tradespeople and 13 apprentices in training, and remains family-owned (Njål Østerhus became sole owner on January 1, 2025).
Øster hus AS firmographics
Firmographics- Name
- Øster hus AS
- Legal name
- Øster Hus AS
- Website
- https://oster-hus.no
- Company type
- Private
- Founded year
- 1974
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Øster Hus AS is Sandnes-based, family-owned Rogaland's largest residential developer, building and selling ~270 new apartments, townhouses, single-family homes per year across the Stavanger-to-Hå corridor under a no-advance-payment, fixed-price direct-to-consumer model.
- Ownership category
- akta.pro rank
Øster hus AS industry classification
Industry- Product category
- Residential Real Estate Development
- NAICS
- New Housing For-Sale Builders (236117)
- SIC
- Real Estate Agents & Managers (For Others) (6531), Land Subdividers & Developers (No Cemeteries) (6552)
- akta.pro primary industry
- Spec Home / Production Homebuilding (Tract & Volume Builders) (IMAFABAD)
Keywords
Where Øster hus AS is headquartered
LocationHeadquarters
- HQ city
- Sandnes
- HQ country
- Norway
- HQ region
- Europe
Offices1 record
Markets served
Øster hus AS business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Supply Chain, Operations, Marketing or Sales, Infrastructure, Technology or R&D, Others
Revenue model
- New Residential Property Sales: Primary revenue stream from developing and selling new residential properties including apartments, townhouses, semi-detached homes, and single-family homes. Sales price typically ranges from approximately 3.7 million to 13 million NOK depending on property type and size.
- Cabin/Holiday Home Sales: Sale of quality cabins on company's own cabin fields in Sirdal, targeting second-home buyers and vacation property investors.
- Customer Service and After-Sales Support: Post-handover customer service including warranty management, maintenance guidance, and complaint handling under Bustadoppføringslova (Housing Construction Act).
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| One time/ perpetual license | Pay-as-you-go | Apartment pricing range |
| One time/ perpetual license | Pay-as-you-go | Townhouse and semi-detached pricing |
| One time/ perpetual license | Pay-as-you-go | Single-family home pricing |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels8 records
Øster hus AS product offering
Product offeringCore offering
Øster Hus AS is a residential developer and builder that develops, constructs, and sells new homes directly to end buyers in the Rogaland region of Norway. Its portfolio spans apartments, townhouses (rekkehus), semi-detached houses (tomannsboliger), and single-family homes (eneboliger) across projects such as Enokbakken, Nore Sunde, Vedafjell, Hove Park, Aase Allé, Jåtun, and Hafrsby, plus quality cabins (hytter) in Sirdal. The company builds under a "Vi bygger uansett" philosophy with no advance payment required until move-in and fixed-price contracts, and it provides post-handover customer service and warranty support.
Product overview
Øster Hus AS is Rogaland's largest residential developer offering a diverse portfolio of new homes. The core offering consists of multiple residential development projects across the region, including apartments (leiligheter), townhouses (rekkehus), semi-detached houses (tomannsboliger), and single-family homes (eneboliger). They also offer quality cabins (hytter) in Sirdal. Key active projects include: Enokbakken (Tananger), Nore Sunde, Vedafjell, Hove Park, Aase Allé, Jåtun, and Hafrsby. The company provides customer service for post-move-in support and publishes annual transparency reports under Norway's Transparency Act.
Differentiator
Problem solved
Functional benefit
Products and services
- Øster Hus Boliger (New Residential Homes) Direct-to-consumer sale of new-build apartments, townhouses, semi-detached homes, and single-family homes across multiple residential developments in the Rogaland region of Norway (Stavanger to Hå), delivered with no advance payment until move-in and fixed-price contracts.
- Øster Hus Hytter (Cabins) Quality new-construction cabins built on Øster Hus's own cabin fields in Sirdal, marketed to second-home and vacation buyers in Norway's mountain regions.
- Enokbakken Residential Development Residential area in Tananger/Sandnes planned for 178 homes including apartments and townhouses, with green areas, playground, and proximity to Hafrsfjord.
- Nore Sunde Residential Development Residential development with approximately 81 homes including apartments, townhouses, vertically-divided units, and single-family homes near Hafrsfjord.
- Vedafjell Residential Development Family-friendly residential area in Skaarlia/Sandnes with single-family homes and townhouses, offering mountain views and hiking trails.
- Hove Park Residential Development Major residential development with 231 planned homes including apartments, vertically-divided units, townhouses, and single-family homes in Sandnes, featuring the Heime community platform.
- Aase Allé Residential Development Residential area in Ganddal/Sandnes offering apartments ranging from 46-139 m² designed for various life stages.
- Jåtun B2-2 Townhouses (Launch) Townhouses with roof terraces in Stavanger, 4 bedrooms, BRA-i: 157 m², priced from kr 8,740,000, including underground parking, balconies, roof terrace, and heating-recovery ventilation.
- Kundeservice (Customer Service and After-Sales Support) Post-handover customer service for Øster Hus buyers covering use and maintenance inquiries and complaint handling under Norway's Housing Construction Act, supported by Boligmappa FDV documentation.
Companies that use Øster hus AS
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles4 records
Øster hus AS technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
Feature4 records
Øster hus AS partnerships and signals
Strategic signalPartnerships
18 partnerships are on record, tiered core and minor.
- Sandnes UlfcoreMajor long-term sponsor of Sandnes Ulf football club. Øster Hus Arena, a modern stadium complex built with company support, serves as the team's home ground. The first spade was taken in June 2018, and the arena was taken into use in winter 2020. Company supported the club during their first top-flight match in 2012.
- Christian André PettersencoreProud sponsor of chef Christian André Pettersen on his journey to Bocuse d'Or. Won 'Årets kokk 2025' (Chef of the Year) and continues toward Bocuse d'Or Europe in Marseille 2026 and World Final in Lyon 2027. Also partner in Stiftelsen Norsk Gastronomi.
- Skifestivalen BLINKcoreAnnual summer festival sponsor since 2013, attracting international and national ski stars, hundreds of children and youth on roller skis, and many thousands of spectators. Since 2013, Øster Hus has sponsored free concerts as a gift to the city during the festival.
- Oilers (Stavanger Oilers Hockey)coreSponsor of Stavanger Oilers hockey club, both men's and women's teams. Since the opening of DNB Arena in 2012, hockey interest has grown significantly in the district, and Oilers compete at the top of Norwegian elite hockey.
- Bryne FKminorSponsors local football club Bryne FK.
- Figgjo ILminorSponsors local sports club Figgjo IL.
- Team Rynkeby RogalandminorContributes to Team Rynkeky cycling to Paris annually to benefit children's cancer research.
- Tour des FjordsminorHas sponsored cycling events including Tour des Fjords, bringing cycling elite to the region for cycling and community events.
- Viking FotballminorSponsors Viking Football club.
- Øster Hus Entreprenør AScorePartner for concrete work. Part of Øster Hus Gruppen for construction services, providing foundation and concrete work for new developments.
- Lie Blikk AScorePartner for sheet metal work (blikkenslager) across all projects.
- Simex Elektro AS, OneCo Elektro AS, Rogaland Elektro AScoreElectrical installation partners for projects across Rogaland.
- Sig Halvorsen AS, Forus Rør AScorePlumbing installation partners for residential projects.
- Optimera AScoreBuilding materials supplier for construction projects.
- Gilje Tre AS, NorDan AScoreDoors and windows supplier for quality exterior joinery.
- Stangeland Maskin AS, Bjelland AS, Grunn-Service AS, Tunge Maskin A/S, Risa AS, Jæren Graveservice AScoreGround work and excavation partners for site preparation.
- RAMP ArkitektercoreArchitecture firm responsible for designing homes at Nore Sunde project, creating fine homes that are pleasant to look at and good to live in.
- Stiftelsen Norsk GastronomicoreØster Hus has become a partner in Stiftelsen Norsk Gastronomi as part of their engagement with chef Christian André Pettersen and his Bocuse d'Or journey.
Scale indicators6 records
Recent moves7 records
Expansion highlights5 records
Øster hus AS competitors and assessment
Company assessmentDirect peers
- Block Watne: One of Norway's largest homebuilders, part of the Bonheur group, selling new single-family houses and apartments nationwide. Directly comparable because it targets the same Norwegian first-time-buyer and family segments with new-construction homes, competing head-to-head in similar product categories.
- Mesterhus: Norwegian homebuilder franchise network building single-family homes nationwide through local franchise builders. Directly comparable as a Norwegian residential homebuilder using a similar product approach (catalog houses, custom builds) and serving similar first-time-buyer and family segments across Norway including Rogaland.
- Selvaag Bolig: Norwegian residential developer listed on Oslo Børs that develops and sells apartments and small-scale housing in the greater Oslo region. Highly comparable because it operates the same for-sale residential builder model targeting similar Norwegian homebuyer segments with comparable product mix.
- JM Norge: Norwegian arm of Swedish residential developer JM AB, focused on new apartments and homes primarily in the Oslo region. Comparable because it sells newly built residential properties to Norwegian consumers using a similar project-based developer model, with potential overlap if it expands into Rogaland.
- Norgeshus: Norwegian homebuilder franchise group constructing new single-family homes, holiday homes, and apartments across Norway. Comparable as a Norwegian residential builder targeting similar segments (including cabin/holiday homes) with a comparable product portfolio and national franchise distribution model.
- Blink Hus: Norwegian homebuilder franchise network building new single-family homes across Norway. Comparable as a Norwegian for-sale homebuilder targeting the same owner-occupier buyer segments with a similar product mix of catalog/custom new construction.
Broad incumbents
- OBOS: Norway's largest housing cooperative and a major residential developer with national reach. Comparable because OBOS develops and sells new homes in multiple Norwegian regions including Rogaland, directly overlapping with Øster Hus's core offering of new apartments, townhouses, and single-family homes, though at significantly greater scale.
- PEAB: Major Nordic construction and civil engineering group with residential development operations in Sweden, Norway, and Finland. Comparable as a broader incumbent in Nordic residential development with significant capital base, competing in adjacent Norwegian markets for talent, materials, and buyers.
- Skanska Norge: Norwegian arm of global construction company Skanska AB, with a residential development business developing new homes in Norway. Comparable as a broader incumbent operating in Norwegian residential development with deeper capital access and international procurement scale.
- Veidekke Entreprenør: Major Nordic construction and residential developer (Veidekke ASA) with a significant Norwegian housing development arm (Veidekke Bolig). Comparable as a broader incumbent that develops and sells new residential homes in Norway and competes for land, labor, and buyer demand in overlapping regional markets.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Øster hus AS social profiles
Digital presenceØster hus AS financial estimates
Financial estimateRevenue estimate
Valuation estimate
Øster hus AS leadership team
Management profileNumber of profiles
Profiles15 records
Øster hus AS funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Øster hus AS M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Øster hus AS
What does Øster hus AS do?
Øster Hus AS is a residential developer and builder that develops, constructs, and sells new homes directly to end buyers in the Rogaland region of Norway. Its portfolio spans apartments, townhouses (rekkehus), semi-detached houses (tomannsboliger), and single-family homes (eneboliger) across projects such as Enokbakken, Nore Sunde, Vedafjell, Hove Park, Aase Allé, Jåtun, and Hafrsby, plus quality cabins (hytter) in Sirdal. The company builds under a "Vi bygger uansett" philosophy with no advance payment required until move-in and fixed-price contracts, and it provides post-handover customer service and warranty support.
Is Øster hus AS a public or private company?
Øster hus AS is a private company. It is classified as family owned and is currently operating.
When was Øster hus AS founded?
Øster hus AS was founded in 1974. It employs 11 to 50 people.
Where is Øster hus AS based?
Øster hus AS is headquartered in Sandnes, Norway, in the Europe region.
How does Øster hus AS make money?
Three revenue lines are on record. New Residential Property Sales are the primary driver. The others are cabin/Holiday Home Sales and customer Service and After-Sales Support.
Who are Øster hus AS's main competitors?
Direct peers on record are Block Watne, Mesterhus, Selvaag Bolig, JM Norge, Norgeshus and Blink Hus. Broad incumbents are OBOS, PEAB, Skanska Norge and Veidekke Entreprenør.
Does Øster hus AS have an API?
No public API is recorded for Øster hus AS.
What industry is Øster hus AS in?
Øster hus AS's product category is Residential Real Estate Development. Its primary akta.pro industry code is IMAFABAD, Spec Home / Production Homebuilding (Tract & Volume Builders). Its NAICS code is 236117 and its SIC code is 6531.