New home sales in Norway rose by 38% in the first half of the year compared with last year. The corona effect seems to be decreasing, according to the Home Builders’ Association.
“It seems that the effect of the corona situation is ending when it comes to the housing market. Sales in the first half of the year are close to the average for recent years,” Per Jæger, chief of the Home Builders’ Association, told the newspaper Dagens Næringsliv (DN).
In Oslo, in June, 60% fewer new homes were sold compared with last year.
“Nothing new in Oslo – the subsidy for new homes is still well below what the capital needs to keep price developments under control,” Jæger said, adding that ordinary people can not afford to enter the housing market in Oslo.
“The price pressure will continue as long as the Municipality chooses not to regulate enough plots and increase housing construction considerably,” he warned.
Source: © NTB Scanpix / #Norway Today / #NorwayTodayFinance
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