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.
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.”
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