The two finanstoppene expresses according to Today’s Business concern over the unprecedented rise in prices in the housing market in recent months. Nicolaisen points out that regardless of whether there is a bubble or not, there may be danger in the air.
equally important is that the experience can come the sudden shock in the fundamental conditions that change the fundamental conditions. It is often what triggers the sudden shift, well as much as pure forventningsdannelse, ” says Nicolaisen.
Finanstilsynsdirektør Morten Baltzersen also points out that the trend in the market can turn around abruptly, regardless of whether the prices would be explain by fundamental factors such as interest rates, access to credit, boligbeskatning, income growth, population growth or the construction costs.
– If there is a bubble or not in what we have seen, we don’t know. Bubbles, we know not again until after they burst, ” said Baltzersen during a panel discussion at the Center for eiendomsfags master pool in Oslo on Thursday.
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