Thursday, December 29, 2016

Brokers fear the strong rise in house prices in Oslo – Romsdals Budstikke

And with very few homes for sale at the entrance to 2017, there is nothing that suggests that prices will fall.

We believe that inflation in the Norwegian market will be very divided, from region to region. We fear that the prices in Oslo – and Akershus region is going to increase strongly also in 2017, so long as the economy is hit by external shocks, ” says president and ceo Carl O. Geving in the Norwegian real estate agents (NEF) to the Norwegian broadcasting corporation.

An external shock can be, for example, that kredittilgangen be throttled or that the interest rates rise a lot.

as long As the Norwegian economy is going well, that its purchasing power keeps up and interest rates do not rise too much, then it may continue a good while, ” says Geving.

twelve-month growth in house prices for the whole of Norway has been over 11 per cent in 2016. (©NTB)

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