NBBLs price statistics show a nominal increase of 1.6 percent from Q4 2015 to Q1 2016. From Q1 2015, prices have risen by 2.5 percent.
Historically, average price growth in Q1 has been 3.7 percent and accounted for nearly half of the rise in condominium homes during the year.
Higher expectations
NBBLs analysis previous housing market report indicated a rise of 5 percent in 2016. Thor Eek, CEO of NBBL had therefore expected a somewhat higher inflation in the first quarter.
– This growth however, we believe will come towards the summer, for development Norwegian economy supports our forecast, but there are large regional differences. While there are challenging times in the southwest and especially in Stavanger, activity in eastern high. Our own experience also shows that there is plenty of activity elsewhere in the country, says Eek.
The average price of housing association homes Q1 is 2.424 million kroner, of which the share public debt amounts to 12.5 percent.
stronger price pressures in the housing market
from NBBLs fresh housing market report draws Eek forward two arguments in favor of stronger inflationary pressures in the housing market: interest rate cuts from Norges Bank will stimulate housing prices and developments in the Norwegian economy has been better than feared.
-In addition, our own experience with construction projects in such Sørum, Oppegård, Molde, Kristiansand Hamar good activity where prices have been adjusted upwards due to high demand, stressing Eek.
Governor Øystein Olsen said in his annual address “Now the winter.” Eek will not simply dismiss it, but first comes outpouring and summer in the housing market.
NBBL therefore believe a stronger second quarter.
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