Dropva Selvaag after slow housing sales – DN.no



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None of the scholarship experts from DN's portfolio competition has chosen to take any new shares this week. The only ones who make changes are DNB Markets, who agrees with Selvaag Bolig. Simen Mortensen is a equity analyst for real estate and entrepreneur at DNB Markets. He says Selvaag Bolig is selling worse than the brokerage has counted.

– They also started more houses than they sold, 234 new houses, more than the 160 we had estimated. We find that startups are higher than the sales rate, which increases the risk of market in the business, "says Mortensen

The stock analyst claims that Selvaag Bolig has recorded a rate of 73% sale in the first quarter. , says Mortensen

Is this very bad with Selvaag Bolig?

It's fine with the conditions. Mortensen adds:

– When it comes to business prospects, the value of the land has increased significantly and when companies sell to their customers, they report high earnings. He says the company had to buy new landfills at much higher costs than it has historically done, but that will not be reflected in the results in a few years.

Record record housing offers

It is often forgotten that almost half of homebuyers are single. When prices are such that they are, one may be forced to buy together, says Mortensen

– The average price of an apartment in Oslo is about 3.8 million of crowns, while the average salary is about 494,000. That means it costs 7.7 years to buy a home, says Mortensen.

DNB analysts expect the housing segment to drop back a bit due to a record supply of homes for sale

– There has never been a housing supply as large as now adjusted for seasonal variation. There will also be a rise in interest rates, and there will be more new builds on the market as population growth is declining, says the equity analyst at DNB Markets (Terms )












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