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– We are looking for much more moderation with regard to future value, says Christian Dreyer, CEO of Eiendom Norge. [19659003] On Wednesday, it became clear that home prices fell 1.0 percent in June. Seasonally adjusted, the trend was almost flat
Up to now, Norwegian housing price developments have been very strong, which surprised brokers and analysts, but growth is now completed, reports Real Estate Norway.
That prices at the end of the year are lower than what they were then. Dreyer says we do not believe in stronger growth than we are now, says Dreyer at E24
Since 2006, there were more homes available for sale in June, according to Dreyer the statistics of Property Norway.
House prices fell 1.0% in June
11,119 homes were put up for sale in June, followed by record May, when 12,303 homes were put on the market
In May, macroeconomist Nejra Macic predicts The forecasts have suggested that housing offers could be the strongest since 1981 and have shown that 36,500 homes were commissioned in 2016.
Dreyer also points out that spring was late and many home sales were completed. 19659012] This is the intense housing supply that contributes to the image of a much more moderate price growth in the second half.
This, with the expected rise in interest rates in September, weighs more than the Norwegian buying power is strong and in Oslo, prices like the average for the whole country , fell by 1.0% in June
– Do you also think that Oslo will deteriorate beyond the second half? [19659016] Bought for 21.75 million NOK in 2011 – now sells for 70 million
– Yes, there are many homes for sale in Oslo, and the city must be seen in the context of Akershus, where the activity of new housing has increased significantly We expect much more moderation in the price trend here too, "says Dreyer, but adds a small warning:
– But Oslo is a city erratic, so we'll see what happens.
Brilliant pleased with the price drop
15 square meter apartment in Nydalen went to 2 million NOK
The boss of the Norwegian Real Estate Association (NEF) looks forward as house prices fell in June 1965
we had a normal development in June and everything is in place for a more balanced housing market this fall, says Carl O. Geving, director of NEF, at E24.
"style =" width: 100%; "aria-describedby =" figcaption # 24385659 "/> REFERENCE : Director Carl O. Geving of the Norwegian Association of Real Estate (NEF) is pleased that the housing market is returning to normal Geving believes that falling prices could be the beginning of several months of braking in the galaxy of real estate prices. – In the expectation of a good offer page and a certain rate of increase, it is likely that the price evolution slow down in the fall and we can hope for a healthier market over time, says the broker. Do not worry and argue that the market is cooking. – The level of activity is high and both sellers and buyers have confidence in the market, which allows us to get a stronger offer page while being enough buyers on the market.
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