High house prices a worry / News in brief / The Foreigner

High house prices a worry. Norway’s estate agents say they are concerned about current high property price levels. “It is important that we have housing prices that are in line with general wage and price developments in society that is sustainable in the long term and that are not characterised by fast ups and downs,” said Norwegian Association of Real Estate Agents (NEF) chairperson Tormod Boldvik to NRK. Chairman of Real Estate Firms (EEF), Terje Buraas, said that he would like to see the rate of house prices increasing slower than they have been.

norwayhouseprices, propertypricesnorway



The Foreigner Logo

The Foreigner is an online publication for English speakers living or who have an interest in Norway. Whether it’s a glimpse of news or entertainment you’re after, there’s no need to leave your linguistic armchair. You don’t need to cry over the demise of the English pages of Aftenposten.no, The Foreigner is here!

Norske nyheter på engelsk fra Norge. The Foreigner er en engelskspråklig internett avis for de som bor eller som er interessert i Norge.

Google+ Twitter Facebook RSS RSS

02:42:29 — Sunday, 26th May, 2013

News in brief Article

LATEST:

High house prices a worry

Published on Wednesday, 5th September, 2012 at 14:44 under the news in brief category, by Lyndsey Smith   .
Last Updated on 5th September 2012 at 16:03.

Norway’s estate agents say they are concerned about current high property price levels.

House keys
House keys
Photo: The Truth About/Flickr


“It is important that we have housing prices that are in line with general wage and price developments in society that is sustainable in the long term and that are not characterised by fast ups and downs,” said Norwegian Association of Real Estate Agents (NEF) chairperson Tormod Boldvik to NRK.

Chairman of Real Estate Firms (EEF), Terje Buraas, said that he would like to see the rate of house prices increasing slower than they have been.

At the same time, DNB chief economist Kjersti Haugland however, believes that inflation will fall next year and Norway will see a decline in 2015.

She told the broadcaster, “We cannot hope for strong impulses from the oil industry in the years to come, and Norwegian traditional exports will develop negatively because of the situation in Europe. We still have a good growth in the Norwegian economy, but it won’t be as healthy, and purchasing power weakened.”


Like this article? Show your appreciation.

Support the ForeignerMoney

If you enjoyed this article, please consider supporting the Foreigner by donating using Pay Pal or credit/debit card.

Donate icon





Published on Wednesday, 5th September, 2012 at 14:44 under the news in brief category, by Lyndsey Smith   .
Last updated on 5th September 2012 at 16:03.

This post has the following tags: norwayhouseprices, propertypricesnorway.

Using a mobile to view this page? Click here to view our mobile optimised version.


Leave a Comment

Please refrain from link dropping, keywords, offensive words or spamming. Comments are moderated, we reserve the right not to publish your comment.

blog comments powered by Disqus