Saturday, July 2, 2016

Predicts house prices up 50 percent in 4-5 years – OBI Online

(Finansavisen): – There are very good numbers. There are cannon numbers! And although we are selling well in the other towns around Norway, apart from London, it is very extreme in Oslo, says Baard Schumann, Man. Director of house builder Selvaag Bolig Finansavisen.

Yesterday could company share sale of 326 new homes in the second quarter, to a value of 1.37 billion. It denotes Schumann as amazing, and it clearly highest number and value that the company has sold quote system a quarter ever. The stock market rewarded Selvaag share with a new top listing but Schumann calculator paints a disturbing picture of the future.

The report Econ New Housing show that the average price per. square meter for new homes now are scant 48,000 million nationwide, while the figure for Oslo is 67.800 million.

Schumann predicts that average will remain at 100,000 kroner. square about four or five years – a price increase of over 47 percent in this case.

– There are simply not enough new housing projects there. It will be a hard and brutal price boost in Oslo.

Selvaag Bolig boss think simply that the prices of new homes in Oslo will rise by 8 percent a year over the next five years (see graph ). He believes that meat weight prevailing in the market; high population growth and a housing which does not keep pace underlying inflation.

– This situation takes time to remedy – this is not done in a jiffy, says Schumann Finansavisen.

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