[ad_1]
Norwegian houses became more expensive despite the fact that the market tends to cool down in the autumn month.
Norwegian house prices continued to rise in September, which is normally a cold month for the housing market. In Trondheim, prices rose a nominal 0.9 percent.
Kallestad, Gorm
Published:,
Inflation ended at 0.4 percent nationally, according to the brokerage industry’s new September report.
This is significantly more than expected and seasonally adjusted inflation has increased by 1.3%.
– It’s a rarity to be on the bright side in September, says Eiendom Norge manager Henning Lauridsen on house prices.
The Norwegian housing market has had a positive underlying price performance for five consecutive months, at the same time as the key policy rate has fallen to a historically low zero percent.
Strong jump in sales
September almost always offers a drop in house prices. The fact that prices rose is still not the most surprising of the new statistics, believes Eiendom manager Norge:
– Perhaps most special is that 16.8 percent more homes have been sold than in September of last year, says Lauridsen.
September sales ended at 11,133 items nationwide, a record.
On average, it also takes less time to sell each home than in August – the sales period has dropped from 54 to 48 days nationwide.
also read
You think the new numbers break the myth about young home buyers
Porsgrunn and Oslo are national leaders
In September, 10,745 homes were put up for sale, 3.8 percent more than last year.
Lauridsen says that house price development is now strong in most of the country. After September, the twelve-month growth is 5.8 percent nationwide.
Inflation is strongest in Oslo and Porsgrunn, with a 12-month growth of 7.7%.
– We are in a situation now where it may be difficult for many to enter the housing market in the future, says Lauridsen.
He believes the development is an argument against the government listening to Finanstilsynet’s proposal to tighten the loan rules.
– We are concerned that more people will be excluded from the housing market. We believe the regulation is already strict enough. Instead, the supply side must be strengthened, Lauridsen says.
Predicting flat or falling house prices
When the broker manager presented the previous housing decision for August, he believed that the interest rate cuts had already been discounted and that the housing market would normalize during the fall, with prices falling towards the end of the year. .
So far it doesn’t seem to be happening. Now Lauridsen says he expects “moderate development” for the rest of the year.
– What does that mean?
– We expect a curve going from flat to down now by the end of the year, Lauridsen tells E24.
– So: From here, the housing market should fall?
– We believe that a steady downward price trend is likely to occur.
