When the Property of Norway put forward boligprisstastikken for December at 11.00, believe economists that it will show that house prices rose by around a new percent in last year’s last month.
It involves a growth in the last year of well over 12 per cent.
“in other words, still pretty high speed,” write DNB Markets, whether its forecast of 0.9 per cent from november to December and 12.2 per cent for the year.
Follow the trend
Nordea Markets points out that the growth in house prices through the year on average has been around one per cent and that they expect a growth in December in the vicinity of the average.
“of Between 0.5 percent and 1 percent growth on the month will be in line with Norges Bank’s forecast, but Norges Bank expects boligprisveksten will subside later in the year,” writes Nordea Markets.
Handelsbanken Capital Markets does not make a separate estimate of the boligprisstatistikken.
” … but as a result of abnormally weak rise in house prices in December in 2015, we anticipate that the 12-månedsveksten in house prices has picked up from november to December,” they write.
In november, was 12-månedsveksten 11.5 per cent.
House prices are rising sharply in several cities with pendleravstand to Oslo
Førkrise-level
With the exception of a brief period when house prices picked up inside after the fall during the financial crisis in 2008, the 12-månedersveksten in house prices is now approximately at the same level as in the period before the financial crisis when the wage growth in Norway was considerably higher than today.
It is particularly house prices in Oslo have increased throughout the year. Very low interest rates makes it one saves in boliglånsutgifter by staying outside the capital quickly gets eaten up by pendlerutgifter and any expenses incurred to the car.
Boligprisstatistikken for november showed a 12-månedersvekst in Oslo on the whole 22 per cent.
OBOS-jump
An important indicator of how the boligprisutviklingen was in Oslo in December are the prices on traded OBOS-homes in December.
OBOS reported Monday that the average kvadratmeterpris increased by 2.3 per cent from november to December.
Average price for used OBOS-associated dwellings in the Oslo area was in December on the whole 63.525 million, which was 29.5 per cent higher than in December 2015.
Obos-prices rose by 29.5 per cent in the last year
the Rest of the country is lagging behind
That, in particular, is in Oslo that boligprisstigningen is explosive indicates boligprisstatistikken from the Guarantee real Estate which includes the errors in the whole country, including OBOS-dwellings.
It showed a decline of 1.3 per cent from november to December and an annual growth of 9.1 percent.
– the Difference in our stats and OBOS-the statistics, there are hot Oslo market, while the rest of the country is relatively stable, says managing director Stein Drogseth in the Guarantee real Estate to E24.
Even though the Oslo market is brennhett, believe Drogseth it is to pull it too far to claim that there is inflation in Oslo, which explains the annual growth in boligprisstatistikken for co in the whole country.
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