The nominal boligprisoppgangen from October was 0.1 per cent. November is considered, however, that a weak boligmåned, and the underlying price trend is therefore stronger: seasonally adjusted rose the prices 0.8 per cent.
- It is considered as a very strong growth in prices, said real Estate Uk ceo Christian Dreyer when he on Monday presented the numbers in Oslo, norway.
But not quite as strong as Swedbank-chief economist Harald Magnus Andreassen had expected.
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consumer price Inflation was slightly lower than we thought, but it is high, and it is not only high in Oslo. Even in oljeregionene, there are signs of stabilization, ” he says to E24.
In november, it was sold 6.949 bruktboliger in total, 1.1 per cent more than in november 2015. At the end of the month, it was well 10.700 homes looking for sale, far less than in the previous year.
New avvikstall: So much underprises Oslo-properties
- Almost always negative
The fresh novembertallene follows a historically strong boligprisoppgang in the usually so under-whelming October-the month, which sent the twelve-month growth in 12 per cent.
Historically, usually november to be even weaker.
- It is a month that almost always has negative sign, ” says Dreyer.
And the negative sign was in fact most places – but one city compensates as usual. Such was the nominal change in house prices from October to november in major cities:
- Oslo: Up 1.2 per cent
- Bergen: Down 0.3 percent
- Trondheim: Down 0.3 percent
- Stavanger: Down 0.5 per cent
- Kristiansand: Down 0.6 per cent
- Tromsø: Down 0.4 per cent
Oslo, norway-the pressure continues
This is the ninth month in a row with the strong rise in house prices, and again, it’s a bonanza-conditions in and around the capital that drives development.
Nominally increased prices 1.2 per cent in Oslo. It is less than the growth in preceding months, but again, it is greatly to november to be – the prices tend historically to fall.
We have had the most-pressed market in Oslo, maybe ever, ” says Dreyer, and argues that the market in Oslo and Akershus operates the national price trends – that are otherwise close to normal.
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22 per cent in one year: – Extremely
the twelve-month growth in Oslo has now flipped 22 per cent with november done.
- It is an extreme growth, and a level that no one dared to predict in advance, ” says meglertoppen.
Makroøkonom Jeanette Power Ebb in DNB Markets is concerned.
– That house prices are rising can be to a certain extent be explained by the fundamental conditions, especially the low interest rates. But today’s growth does not seem sustainable – especially not in Oslo. The longer this development in the housing market continues, with ever higher debt in households, the greater the risk for a powerful cover that can give significant negative effects for the Norwegian economy, skrier Ebb in an e-mail.
Can get the Norges Bank to keep again
DNB Markets believe the risk of financial imbalances are in the process of building up, is an important argument for Norges Bank to keep the key rate unchanged at the meeting next week – in spite of the key performance indicators that have been slightly worse than expected.
- Norges Bank does not want to fire up the housing market further with rate cuts now, even though the central bank has previously emphasised that other authorities must be the first line of defence for ensuring financial stability, mean low Tide.
Property Uk-boss sees no sign that the Oslo growth will dabbe, then unless the fundamental drivers of change.
- What we do now is to hope for greater tilbudsside in 2017, which will help to curb the market.
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