House prices fall 0.3 percent – Aftenposten

The country as a whole, house prices fell by 0.3 percent from April to May. Adjusted for seasonal variations, prices unchanged, the figures show that real estate Norway presented Wednesday morning.

In Oslo prices rose 0.2 percent, while there was a slight decrease in the other large cities.

About 7 percent growth year

So far this year, prices have risen 6.6 percent compared with the same period last year.

In one year – from May last year to May this year – prices rose by 7, 5 percent.

Property Norway estimates that inflation for the whole 2015 is 7.2 percent if prices remain unchanged throughout the year.

The largest growth in Tromso

The biggest growth was in Tromso by 7.5 percent and in Oslo with 11.1 per cent, while prices and sales have stagnated or fallen in Stavanger.

In the other large cities, inflation over the past year been under 10 percent.

In Stavanger, which is hit hard by the recession and restrictions on the oil industry, housing prices have been virtually silent in the last year registered growth of 0.6 percent.

Fewer homes sold in May

It was sold 8,791 existing homes in May, down 4.8 percent compared with May 2014.

So far in 2015, it sold 38,833 homes, which is 9 percent more than in 2014, according to real estate Norway’s statistics.

– The prices flattening out has not dampened market demand. Despite fewer sales days in May this year, have been sold many homes in most regions. It’s just the Stavanger region experiencing a major drop in the number of sales, with a decline of almost 30 percent compared with May last year, writes adm. Director Christian Vammervold Dreyer in Real Estate Norway in a press release.

Record high house prices

House prices measured against annual pay has not been higher since the interwar period, according Kjersti Haugland, an analyst at DNB Markets.

Earlier Wednesday Aftenposten wrote that Norwegians have never had so much debt that now. This increases the risk of something going wrong in the economy.

– Everything does not grow into the sky, says chief economist.

Published: 03.jun. 2015 10:57