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Property Prices
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House prices fell nominally by 1% in June, compared to the same month of last year. – Household statistics at the national level were prepared by Property Value for Property Norway
– After a sharp rise in housing prices this year, developments were moderate in June with a drop in nominal prices and a stabilization of seasonally adjusted prices. According to CEO Christian Vammervold Dreyer of Eiendom Norge, the price is normal.
Seasonally adjusted, prices remained unchanged in June
- Prices generally increase the most in the spring when they fall or flatten in the fall.
- Prices are seasonally adjusted to distinguish seasonal factors and trends
- The difference between real price changes and seasonally adjusted prices is attributed to seasonal variations
Source: Property Norway and Property Value
Great Activity
In June, 10,538 homes were sold in Norway, an increase of 9.3% over the corresponding month of 2017.
– There were a lot Activity on the nationwide housing market of the month, and so many homes have never been sold in a month until June. In the first six months of the year, it was only in 2015 that more homes were sold. According to Dreyer, demand is strong in the housing market
In June, 11,119 homes were sold in Norway, 2.1% more than in the same month last year.
Dreyer says.
It took an average of 38 days to sell a property in June 2018, which is not the case. 6 more days than in June 2017. The selling time was the fastest in Oslo with 21 days and the slowest with Kristiansand with 69 days
– Turning time fell as d & # 39; Usual for the season. in time of sale. In Oslo, Bergen and Trondheim, sales time has dropped considerably since the New Year, says Dreyer
Continued Moderate Price Development
In June, housing prices fell in all parts of Norway.
price drop of -0.2 percent. The largest decline in Follo was -1.8 percent.
The vast majority of sectors in Norway now have a positive growth of 12 months. The slowest 12-month growth was in Romerike with a drop of -0.9%, while Hamar m / Stange experienced the strongest growth with a 5.6% increase.
– Bergen is the strongest trend in price developments, while prices in Oslo after many strong months have now moderated significantly. The gap between the price and the selling price is at the end of the month at the lows for the month of June to last several years, which indicates that the market is in equilibrium.
"With Finance Minister Siv Jensen (Frp), his pursuit of mortgage regulation in 2019, the increase in residential construction, significantly lower population growth and interest rate hikes in the fall, indicates a moderate development of housing prices in 2018. fbAsyncInit = function () {
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