Yesterday, we discussed the sale of a total refurbishment object Sorgenfrigaten on Major living in Oslo.
The 114 square meters went for 6.05 million dollars, all 1.25 million of valuation and price quote.
In addition, the new owners thus redecorate for millions.
– The market is screaming for child and family apartments right in the city, said Christian Falkenberg broker in PRIVATmegleren Park to Hegnar.no.
Read also: Decoration Item sold for extreme price
– We are moving towards an exceptional year
Broker industry price statistics told about record sales in September – a picture Falkenberg recognize.
– Everyone knows that in August, much to the sale and high activity, but the pressure has been rare high throughout September and into oktober.Volumet is much greater than we have been accustomed to for the past 3-4 years, says the broker.
– A little weather dependent, it is the. We are now training pants instead of skis and swimmers Bogstadvannet in October. Last weekend we had views of glorious sunshine and 17-18 degrees. With such a long fall we go to an exceptional year, he continued.
– Can sell houses until November
A longer fall than usual expand such season for villas and townhouses.
– properties with balcony and garden is still okay away. Although the leaves are there, the grass is green and nice. Keep it that way, we can sell houses until late in November without garden area deteriorates.
– Villa Owners dare may not sell after September because it is not common, but I think many fall short in autumn if they are sitting and waiting with the sale until April next year, said Falkenberg.
– Liquidity is very good
PRIVATmegleren even experienced the all-time high number of sales in September.
– Liquidity in the market is undoubtedly very good. It’s probably a bit with banks’ willingness and interest rate policy making, but then we also go into a phase where we know that people will change strategy and instead put the money in housing than having them on the book.
– Interest rates are the low and the tax is property also beneficial, says broker on.
– 5 million. 40 sqm does not sound good
According to Falkenberg’s challenge current market that all sellers expect sales totals 10 percent of the appraised.
– differences become bigger and bigger. We’ve heard the same thing for years; be built too small. The lag in Oslo is insane and will only intensify over the next 3-5 years, especially in ring 3 There is no land, he said.
Falkenberg points out that housing prices have doubled every 10 years the last 30 years.
– One can only speculate what the prices are in the 2024 Five million of 40 square meters does not sound good, but we get there. About a year or two, we can quickly see 100,000 dollars per square meter or more in many apartments, continues Falkenberg.
Highest land prices = most expensive homes
According to broker will be differences only bigger, also in other major Norwegian cities.
– Where people make the best, and land values are highest are also the most expensive homes. At the same time it costs to build and live outside Oslo too. Material and labor costs for example about the same in Whitstable, says Falkenberg faced Hegnar.no.
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