Continued record high house prices

housingHousing.Photo: Pixabay

Housing prices rose 1.4 percent in October, adjusted for seasonal variations. House prices are now 12 percent higher than a year ago.

– The house price developments in October are historically strong. The price rise in Oslo of 1.8 percent is a record high for the month which normally has sinking house prices, says Christian Vammervold Dreyer, director of real estate Norway.

He says the strong performance also applies to Central Norway and Northern Norway.

Housing prices rose the most in Oslo and Drammen with an increase of 1.8 and 1.2 percent respectively.

The weakest development was found in Haugesund and Sandnes with a decline of 0.7 percent.
At the end of October there were 12,130 existing homes on Finn. The month before, there were 11,580 homes up for sale.

In total, 7,734 homes were sold in this country in October, a sharp decline from the previous month when it recorded 9352 housing sales.


Source: NTB scanpix / Norway Today