Luxury brokers are not frightened by the prospect of Norwegian growth downturn. See the video.
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end of the week was a villa on Ullern put up for sale on Finn.no with asking price 55 million. The residence of the investor and former Thule Drilling chief Anders-Ivar Olsen (52) sailed straight up as the decidedly expensive ad portal.
– This is a very special and very lavish estate, said attorney Ole Per Solum to DN.
Solum is legal assistant at what is a forced sale. Before the property was laid out on the “open market”, he has held several private views. Attorney denies that the prospect of worse times for the Norwegian economy put a damper on sales.
– There are always buyers very good objects, but this is a process. People spend some time on such a choice, he says firmly.
The picture turned
The market for the most expensive houses were admittedly ‘significant’ tougher in the wake of the financial crisis, says CEO Christian V. Dreyer in trade Property Norway.
– Those who were related to the global economy – and gladly exchange – the financial crisis in Norway best. It was thus fewer individuals who bought at this price. The consequence was price reductions in the most expensive segment – both for dwelling, he said.
This image is first turned the last two to three years, says Dreyer.
– Especially when the exchange goes well over time, this is something that certainly affects the market. More and more players have left the field of play, says broker top.
He believes it is unlikely that buyers will now disappear overnight.
– There are some longer lines, emphasizes Dreyer .
Cut price
The last ten years have Norwegian house prices averaging risen by around 90 percent.
DNB Markets recently published forecasts showing that less speed economy will provide flat prices over the next four years. Property Norway is far more optimistic in their predictions and envisions prices will be 4 to 6 per cent higher at the end of next year than at New Year this year.
When it comes to luxury segment alone, makes few units it difficult to make good statistics ,, says Dreyer. Real Estate Jens Christian Killengreen in Nordvik & amp; Partners Nonetheless in that development – at least in recent years – has been “more or less in line with the market in general.”
– We also see that expensive town houses has got a price boost, he says .
Cut price
Killengreen has a little over half a year trying to sell the property that is now the third most expensive Corolla Strand property at Bygdøy in Oslo originally had a suggested price of 47 million, but the price has since cut to NOK 43.5 million.
– It’s pretty good punch in the market and we notice at least not prospects for a rainy day in Norway, says Killengreen.
– While it is clear that there are very many who can pay over 40 million for a home. Sooner or later we will be able to hit the right one, he adds.
“Give and take”
Just before Christmas wrote DN luxury apartment to a billionaire heiress Kenneth Bentsen was sold 28 million . Two years, several broker switches and a sharp price cut was what was required before the contract was signed.
– There is always a little “give and take” to get a “deal”, stated responsible broker His Houeland in Eklund Oslo New York in that regard.
His colleague, Keven Frantzen, has since last summer tried to sell it as of this writing is the second most expensive property on the Finn.no: A sjøeiendom in Larvik to 45 million.
– The market is good. It shows Pilestredet Park, said Frantzen to DN in December.
He pointed out that Larvik property is a piece outside Oslo.
– Buyer Group is therefore slightly less. Admittedly, we have had several stakeholders and works with international buyers, said real estate broker.
House prices in Norway rose by 0.3 per cent in December compared with November, showed house price statistics used in the beginning of the month. Prices are now 8.1 percent higher than they were in December 2013, the statistics show. When prices began to fall in autumn last year, this was by many explained by psychological effects in the market.
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