House prices continued upward, but now muted expectations – Dagbladet.no

(Hegnar.no): house price statistics from Property Norway, Finn.no and Property Value shows that house prices rose 1.1 percent on a monthly basis in February. It was up across the board and an increase of 14 consecutive month.

February usually show an increase in February and seasonally adjusted house prices rose 0.5 percent on a monthly basis.

– isolation in February 2015 in the middle of the tree historically, says CEO of Real Estate Norway, Christian Vammervold Dreyer.

House prices are now 8.7 percent over the same month last year.

prices so far in 2015 is 5.3 percent higher than they were in 2014. unchanged prices the year gives a årsendring 5.8 per cent, says the report for February.

Up 16.6 percent in Tromso

The strongest price rise there Oslo and Bergen boasting. Here prices rose respectively 1,7- and 1,4 percent in February.

Stavanger and Porsgrunn had the weakest rise by 0.4 percent.

The rise in Tromso in the last year is 16.6 percent, while the rise of Oslo and Bergen are respectively 11 and 10.7 percent. In Stavanger upswing in the last year of 2.9 percent.

CEO Christian Dreyer Vammervold in Property Norway waiting now, however, a flattening of growth and a more normalized development beyond 2015.

However, there is no doubt that the housing market is strong, with solid growth and very high turnover. Dreyer is however concerned.

– We are worried boligprisutvilkingen, and debt levels that are now applied. Especially for first time buyers who now really have not experienced other interest levels than we have today. We are concerned about what situation we will get in if the Norwegian economy worsens, or interest rates go up sharply, he said.

Quick Sale

It was sold 6687 homes in February, which is a increase of nearly 14 percent from 5882 in February last year. The turnover time fell from 48 days in February last year to 42 days in February this year.

The stock of unsold homes fell sharply, from 12,772 in February last year to 11,077 homes at the end of February this year,

17.8 percent up

The average price per square meter of used OBOS associated properties in the Oslo area rose to 47.613 million in February, showed fresh figures Tuesday.

rise from January 2 , 5 percent, while it was on the whole 17.8 percent since February last year.

On a national basis ended the average price per square meter of used OBOS affiliated homes on 43.315 million in February, up 2, 3 percent from January.

– Stronger than we thought

Since February last year, the rise in Obos residences nationwide 14 percent.

– Prices are rising as expected, but the increase is somewhat stronger than we thought. Interest rates are low, unemployment is low, home buyers have faith in the future, said communications director of OBOS, Åge Pettersen yesterday.

– Inflation is also reflected in the sales figures for new homes in February, a month with a high number of new-housing, he continued.

In February 697 ownership changes associated OBOS undertaken, against 527 in January and 555 homes in February last year.

Cooper throughout Norway

Figures from Warranty Realtor showed that prices of traded condominium homes rose 0.9 per cent from January to February.

With a square meter price of 30,849 kroner price increase has been on the whole 11.0 percent over the last 12 months.

– Prices rise normally in February, so the price rise this month is not surprising. 2015 started fresh with an increase of six percent so far. Prices of condominium apartments is now at its highest level ever, stated Warranty chief Stein Drog Seth.

He also says that it was on average 2.2 bidders per dwelling in February. This represents an increase of 0.6 bids from January and 0.4 in February last year.

The average number of bids per dwelling came into 6.2 percent in February, 0.9 bid more than January and 2.1 more than in the same month last year.

Growing uncertainty

EiendomsMegler 1s Housing Meter for February show that most people are still optimistic, but a growing uncertainty is to track.

Two out of three expects equity economy remains unchanged, and most believe in a virtually stable interest rate forward. We also believe more (59 percent of respondents), unemployment will increase and that prices are not going to rise as much as before.

Far more will sell first

42 percent of households expect an average 4.5 per cent growth in house prices over the next 12 months. 46 per cent expect flat prices.

– People expect rising house prices, but also increase the proportion that will sell homes before buying new powerful, says Odd Nymark EiendomsMegler 1.

A total of 57 percent will now sell their existing homes before buying new. This represents an increase of 15 percentage points from the previous poll in December.

– Fast sales at good prices
This can according to broker chain interpreted as a signal that more are uncertain about developments in the housing market.

– It is a little surprising that more are uncertain, because we feel that the housing market works very well on the day. Housing sold quickly and at good prices, says Nymark.

– In addition we had a powerful inflation in January. Several sites report little for sale, which of course contributes to higher prices for what is actually for sale, he continued.

– Want to secure
explanation on the desire to sell first, according to broker boss be related to the uncertain economic situation in Norge.- And then want to secure by finding out how large economic means have available before buying property.

– It is often so expect a higher house prices, a happily buy before selling. Expect a lower housing prices, an often sell before buying, he said.

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