Today let Property Norway forward the nationwide resales statistics for May. The experts who believed in continued inflation was right.
House prices rose by 1.1 percent in May. Adjusted for seasonal variations, prices rose by 1.2 percent. House prices are now 7.3 percent higher than twelve months ago.
Prices rise normally most in the spring, while the drops or levels off in the autumn.
RECORD LARGE dEMAND: Over most of the country’s demand for housing increased, told Christian V. Dreyer, CEO of Real Estate Norway when he presented the new housing statistics today
Photo: Roald, Berit / NTB scanpix
-May was another strong month in the Norwegian housing market. We must go back to 2011 to find a year with stronger price development than we have had so far in 2016, says Christian V. Dreyer, CEO of Real Estate Norway.
High turnover
Overall, it sold 9,242 existing homes last month, 4.8 percent more than in May last year.
it was in May 13 261 homes for sale – 8.5 percent fewer than a year page.
-As far in 2016, it sold 5.3 percent fewer homes than in the same period last year. Despite fewer sales this is a high activity level. Only in 2015 it was sold several homes in the period, says Dreyer.
Many will buy
He tells of a record high demand for housing in most parts of the country, and that it only turnover in May 2011 that was larger than May this year.
It has been many homes for sale, but especially in the Oslo region sold homes very quickly. In Oslo and Akershus also supply side historically low. There are 42 percent fewer homes for sale in Oslo than the same period in 2015, says Dreyer.
In April this year, prices rose 2.0 percent in Oslo and 1.4 percent the country as a whole.
the strong trend in the housing market will not continue if SSB gets right in their predictions for the Norwegian economy.
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