Low housing is the biggest problem for rising house prices, says Finance Norway. Main organization meetings Tuesday among others Treasury Siv Jensen (FRP) and Prime Minister Erna Solberg (H) under its arrangement Financial Services today.
– It’s just the way the finance minister himself has pointed out, a number of reasons why housing prices rise. But the main challenge is the build fewer homes than it needs, especially in densely populated areas. It is this fundamental issue we must address in order to find a sustainable solution, says CEO Idar Kreutzer Finance Norway.
Increased land access, faster facilitating housing, equal taxation of secondary residence with other investments, simplified Engineering technical requirements, digitization of planning and building processes, densification, and comprehensive land use planning are among the proposals of Finance Norway.
Kreutzer also notifies that the Finance Norway will look at proposals from the FSA to tighten requirements for equity at purchases.
– Debt growth driven by housing market developments, and tighter lending practices will not solve the fundamental challenge, he says. (© NTB)
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