House prices rose surprisingly – HegnarOnline

House price statistics from the real estate Norway, Finn.no and Property Value shows that house prices rose 0.1 percent on a monthly basis in June.

Adjusted for seasonal variations, prices rose 1, 0 percent on a monthly basis.

The twelve-month growth was 8.1 percent. It is stronger than in recent months. Property Norway nevertheless expects that the twelve-month growth will fall to five percent in the autumn of 2015.

– June month has broken a bit with the trend of recent months, with a clear break-up, says Managing. Director Christian Vammervold Dreyer in Real Estate Norway.

– There was a stronger month than expected.

Average formidligstid is 29 days. This is unchanged from May but down from 33 days in June, 2014.

The lowest sales time Bergen with 13 days. Most surprising is the possibly that Stavanger has so low turnover as 40 days.

– However, this is a delayed effect, says Dreyer.

At the end of June there was 12,467 resale homes on Find .no against 14,448 in May and 13,973 in April. The loss of housing is a challenge, especially in densely populated areas like Bergen and Olso, according to Property Norway.

It has never previously been sold several properties in a single month. It was sold 10,376 homes last month against 8,791 in May and 8,146 in April. For the first time it sold a five-digit number of homes within one month. There has never been sold so many homes in the first half.

There are mainly Oslo and Bergen going development. Smaller towns like Tønsberg and Lillehammer also had strong growth.

At the other end we find Stavanger and Sandnes.

Dreyer stresses as usual that there are large regional differences. Housed example of 0.7 percent growth, while Stavanger is 1 percent decline.

With the exception of Stavanger rising prices all the major cities.

– We expect that pressure, especially in Oslo, will continue during the next few months, says Dreyer.

How was inflation in the major cities in June:

Oslo: 0.7%

Tromsø: 0.0%

Bergen: 0.3%

Kristiansand: -0, 1%

Trondheim: 0.1%

Stavanger: -1.0%

revised up growth forecasts
Property Norway have raised our estimate for the annual house price inflation from 4.6 percent to 7.8 percent this year compared with last year.

The first estimate was set at the beginning of the year, and was then among the most hairy projections. Property Norway still seems that the figure is too low for six months.

There are three effects which contribute in particular to upward revision; low interest rates, competition in the banking sector and low commissioning of new homes.

The matter is updated!