Prices that are skyrocketing. Homes that coup view. Rounds far above fare.
There is no doubt that it is hot times in the Norwegian housing market day. For those pursuits with rent, the situation is quite different.
– We must stand on more than before to find tenants. The rental market is very quiet compared to the housing market, says Nikolaos Farmakis, Chief Utleiemegleren.
From 2012 to 2014, rents in Oslo increased by 4 percent, according to figures Opinion made Oslo buildings. Since the general price level in Norway has risen just as much in recent years, it means in reality that rents have stood silent.
House prices have risen in comparison with 8 percent from 2012 to 2014 and into 2015 the speed is increased further. In the first two months alone, prices up five percent.
– The new normal in large cities is that it is easy to obtain rental housing for most tenants. The situation is quite different than it was a few years ago, says Farmakis. Related content
Much more for rent
One who has noticed the difference, the ambulance intern Lars Jørgensen. He has been on the rental market for seven years and lived a lot of different places. Now he is looking for a place to stay in Oslo together with his friend Magnus Rødseth (22), who is a student.
– We would prefer a place with a garage to accommodate cars and motorcycles, but while we will have something that is central. It may initially be a little difficult to find, but we have received very good response. I’m sure it can be solved, it is very much out now, says Jorgensen.
During the second half of 2014 there was an average 7600 apartments looking to rent on Finn.no. That is an increase of 20 percent from the same period last year and almost twice as much as three years ago. Also competitor Hybel.no experiencing the same trend.
– We have seen a sharp growth in the number of published ads and the number of ads at any time is lost in the past year. Ads are also published over a longer period than before because it takes longer to find tenants in the current market, says Christian Rasmussen, CEO of Innovation Media, which owns Hybel.no.
– Must be wiser
Farmakis in Utleiemegleren says he strongly doubt that it will again occur chaotic students consume large cities in August, as it has been in previous years.
Related content- The trend we see in Oslo, again, we find in all the other Norwegian cities. It has improved to be a tenant in recent years. They can push landlords more on price and may take time to find the right property. Moreover disappear many of the very poorest rental homes from the market, says Farmakis.
He and several others pointed out that it is increasingly common to invest in a residential number two or three for hire, and that it may have contributed to the sharp rise in housing for rent.
– We meet someone who is a bit distressed and find it harder to get hired than they thought. As rental investor must be wiser than before and hit the right price and the right area. You no longer rented out anything to any price, says Farmakis.
– Still expensive
Aftenposten has been in contact with several people who are now looking for something to rent in Oslo. A majority say they are experiencing market easier than before, while others still find it very troublesome to find something in a price range they can live with.
– Although the rate has leveled off in recent years, it is still expensive to rent housing in the major cities, says Lars Aasen, CEO Leieboerforeningen.
He believes flattening in rents in recent years is short-lived.
– There are very many who can not afford to buy in the current housing market. Meanwhile, people flock to big cities. It suggests higher rents, he said.
– There is no housing shortage in Norway
The low growth in rents in recent years shows that it is not built for little in the big cities believes Harald Magnus Andreassen, chief economist at Swedbank.
He speaks thus residential builders opposite.
– The last 12 years, housing prices have risen 80 percent more than the overall rates while the price has only risen 20 percent more – and in recent years, rents have only risen equally with other prices. Had it really been housing shortage in big cities, the pressure on rents have been quite different, Andreassen says.
He believes the sharp rise in house prices is primarily due to things other than being built too small.
– rate in Norway has been low for a long time without the economy has been bad. Meanwhile, banks have largely been lending willing. This has driven up house prices. The fact is now that it has never been more expensive to buy compared with renting, Andreassen says.
– Renting may be the most lucrative
According to chief economist there is a widespread misconception among Norwegians that always pays to own rather than rent.
– Although the increase in value has been high in the housing market in Norway in recent decades, it does not mean it will continue in perpetuity. On the contrary.
He will not dissuade people to buy, but warns against losing your head in bidding rounds in today’s hot housing market.
– You should not think of the property as an investment to monetize, but as a place to stay. We might as well go into a period ahead where rent is the most lucrative, Andreassen says.
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