the Apartment was totaloppusset. It was made into a three room. It was an affordable price. It went high, ” says the buyer and the seller Lives Else Mikkelsen to dn.no.
The vastness of the increase in value is equivalent to 16,000 dollars for each day she stood as owner of the property.
Mikkelsen, who first had plans to stay there myself, used about 400.000 million on the renovation and other costs in connection with the sale.
The sharp increase in value reflects a housing market that in many ways is in imbalance, not least because of the lack of housing combined with low rentenivp.
– Afraid that several will be tempted
the Pressure in the housing market in Oslo is huge, and especially small and medium-sized apartments often go far above the valuation. Many stretch the elastic far.
– With high house prices, we know that egenkapitalkravet increases, and then we are also afraid that several will be tempted to take the personal loans to be able to get into the housing market, ” says Carl O. Geving, managing director of Norway’s real estate agents.
One of the five real estate agents have experienced that home buyers are using personal loans to be able to provide the necessary equity, shows a survey that Norway’s real estate agents, and Storebrand has implemented.
– Greater debt than they can withstand
We do not believe that this is a very widespread problem, but it is very unfortunate when it happens. It means that people incur greater debt than their economies can withstand, ” says Geving.
House prices in Norway rose by 2.8 per cent in January 2017. House prices are now 12.4 per cent higher than 12 months ago, figures from the real Estate Norway.
“We have put behind us a normal January month with solid price inflation and high activity,” says managing director of Property Norway, Christian Vammervold Dreyer.
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