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Norway's Strongest Housing Market Since 2016 Stokes Rate Bets


Norway’s Strongest Housing Market Since 2016 Stokes Rate Bets
Mar 03 2021, 7:53 PM
March 03 2021, 7:21 PM
March 03 2021, 7:53 PM
(Bloomberg) Norway’s house prices reached the highest level in five years, adding pressure on the central bank to raise interest rates well before peers with a move as soon as the second half of 2021.
(Bloomberg) Norway’s house prices reached the highest level in five years, adding pressure on the central bank to raise interest rates well before peers with a move as soon as the second half of 2021.
The cost of a home rose 1.3% this month from January, the biggest increase for a February since 2009, according to Real Estate Norway, Eiendomsverdi and Finn.no. Annual gains exceeding 10% in several areas, including a 15% jump in Oslo, signal the strongest market since 2016, said Henning Lauridsen, the chief executive officer of Real Estate Norway. ....

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Norway House Prices Rise Further In December


Norway House Prices Rise Further In December
The house price index rose 8.7 percent year-on-year in December after a 7.8 percent increase in November.
On a seasonally adjusted basis, the index climbed 0.8 percent from the previous month.
Nominally, house prices were unchanged on a monthly basis in December.
Oslo logged the strongest seasonally adjusted price development in December, with a monthly increase of 1.7 percent.
Unchanged house prices are abnormal for December, and 2020 was the strongest year in the housing market since the record year 2016, Real Estate Norway CEO Henning Lauridsen said.
Real Estate Norway expects a sharp increase in house prices in the coming months and especially January. ....

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