Millionkutt for Tollefsen-hytte: – Lov å komme med bud

The family of billionaire Ivar Tollefsen has reduced the price of their Ustaoset holiday estate in Hol, Norway, by 2.5 million kroner, bringing the price down from 15 million kroner. This represents a 14% reduction from the original asking price of 17.5 million kroner. According to property broker Christian Haatuft, this is a strategic market adjustment rather than a drastic price cut.

While interest has not completely disappeared, it has proven challenging to find a buyer at the initial price point. The five-bedroom, eight-room estate sits at around 1,100 meters above sea level, offering views of Hallingskarvet, Ustevatn, and Hardangerjøkulen. The property includes three cabins and an on-site forge. Haatuft notes that while the estate is unique, its lack of a road makes it both a challenge and an advantage.

The original purchase price in 2022 was 14 million kroner, making the current reduction just one million kroner higher than the sale price. In 2023, Tollefsen's daughter Ninja moved to Switzerland after transferring 90% of her shares in Fredensborg 1994 AS, the company that owns the estate. Tollefsen retained 10% of the company.

Haatuft emphasizes that the price reduction is not due to the family becoming disinterested, but rather a market adjustment. He also clarifies that the estate was originally intended as a corporate retreat, but has seen less usage than the family had anticipated. He invites potential buyers to submit offers, stating that he is open to discussion.

Despite the estate's difficulty in selling, Haatuft reports strong activity in the Hyttemarkedet on Geilo and Ustaoset this week, with four vacation properties sold on Monday and Tuesday alone. He expresses satisfaction in having five offers already.