Friday, February 3, 2017

House prices calm, but just a little – Hegnar Online

Boligprisstatistikk from the Estate Norway, Finn.en and land value indicates that house prices rose 2.8 percent in January.

Adjusted for seasonal variations was house prices up 0.6 per cent.

This is the 11. month in a row with a strong, seasonally adjusted growth.

twelve-month growth in total 12.4 per cent. It will say that house prices are now 12.4 per cent higher than in January 2016.

This is down from December, when annual growth came in at 12.8 per cent.

DNB Markets estimated this time to 0.9 per cent seasonally adjusted growth in January.

” We have put behind us a normal January month with solid price inflation and high activity. After many months of very strong price inflation, it is normal that the prices moderate somewhat, but with a sesongkorrigert price increase of 0.6 per cent, this is nevertheless to be regarded as a strong rise in house prices, says Property Norway director Christian V. Dreyer in his summary.

Stavanger recover

Oslo showed the way among the largest cities with a rise in house prices of 2.6 per cent in January.

In the other end, we find Bergen by 1.7 per cent. Between where we find Stavanger at 2.1 per cent, which tops Trondheim and Kristiansand as well.

But over 12 months the differences are still huge.

Oslo shows, of course the way here, too, with their price increase to 23.1 per cent. Stavanger is in the other end with minus 2.8 percent.

- the Development in Stavanger is gratifying, and the market is approaching already friskmelding, says Property Norway director Christian V. Dreyer in a presentation that was carried on the Obi.no.

we Take with the smaller towns also, had Lillehammer, norway and Asker the strongest price in January respectively. 3.3 and 3.2 per cent. The weakest outside of Bergen was Ålesund with 1.9 per cent growth.

the Sales increases in all cities

6.169 bruktboliger were sold nationwide last month, 9.4 per cent more than in January 2016.

It has sold substantially more homes in January of this year compared to last year. It is only in 2015 that it’s been sold several homes in a the month of January. We are seeing an increase in the volume of sales in all the major cities, where Stavanger stands out with 56,4 per cent more sold homes in January of this year compared to last year, ” says Dreyer.

In the course of January 6.346 homes for sale in Norway, 1.5 per cent more than in January of last year.

- We have in 2017 replaced the “unsold homes” with the “for sale”, as this gives a better picture of the development of the supply side of the housing market. The number of new homes put up for sale in January show that oppdragsinngangen is high, says real Estate Norway-director.

A trendskifte?

12-månedersveksten is falling in most areas, since the growth in January of this year was weaker than in 2016 in large parts of the country.

Still: 12-månedersveksten is still high in many areas, and still over 20 per cent in many districts in Oslo – and over 10 per cent in large parts of Eastern norway.

It is too early to conclude that the decreasing 12-månedersveksten we have in January is the beginning of a trendskifte in the housing market. We expect, however, a weaker development in 2017 compared with 2016 and beyond in the year, among other things, due to the innstrammede boliglånsforskriften which was current from 1. January, says Dreyer in a press release.

- Innstramningene has made it harder to get a mortgage, which will have an effect in housing prices, but still uncertain how a large scale, ” he concludes.

Quick sale in Oslo

the Capital city still carries the imprint of few homes for sale.

- Thus enters the housing quickly away, with a formidlingstid of 15 days, says Dreyer.

Also here is sprikene store. Bergen has a formidlingstid of 33 days, while Stavanger is still up in 69 days.

- What we see here, is that many of the houses sold have been out long, so it will take some time before formidlingstiden come down, ” says Dreyer.

In total, it took on average 44 days to sell a dwelling house in January 2017, compared to 47 days in January 2016.

Keep going in the OBOS

Figures from OBOS released earlier this week shows that gjennomsnittsboligen in the Oslo area cost 64.977 million per square meter in January, corresponding to an increase of 2.3 percent from December.

Since January 2016 has OBOS-the prices have risen throughout the 27.1 percent, but annual growth is still down from the frantic 29.5 per cent in December.

On a national basis the average kvadratmeterprisen for used OBOS-affiliated housing into 55.868 million in January, up 0.5 percent from December, and up 20.6 percent from the same month in the previous year.

Kjempebyks in Warranty

Figures from Guarantee real Estate showed, however, that gjennomsnittsboligen cost 37.706 million per square meter in January, 4.3 per cent more than in December.

the Price rise in the last 12 months is 14,7 per cent.

12-månedersveksten did a powerful jumped from December, when it was 9.1 percent.

After an overall price increase of almost 10 per cent last year, continuing the upswing this month. January is normally a month with price increases, but that the increase is so strong this year is a little surprising. Growth in the major cities like Bergen and Drammen is a part of the explanation. Everything is to facilitate a sharp rise in prices also in 2017, says the Warranty director Stein Drogseth in a comment.

We come with more.

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