Fewer new housing projects in Norway reported in March compared to last year

Construction - houses - homesPhoto: Håkon Mosvold Larsen / NTB
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In March, 33% fewer new housing projects were registered compared to March of 2021. The reason is, among other things, the high expenses and unpredictable deliveries of building materials.

The situation will probably last for at least six more months, according to the leader of Boligprodusentenes Forening, Per Jæger.

The number of new housing projects in Oslo, lower than in both Trøndelag and Rogaland in March, is particularly low.

If one looks at the entire first quarter, however, you will find a national increase of 2% in new housing projects compared with the first quarter the year before. 

In March, house prices in this country rose by 1.1%, according to Eiendom Norge.

Source: © NTB Scanpix / #Norway Today / #NorwayTodayFinance

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