More Norwegians are now buying a home together with others

Houses in StjørdalPhoto: Gorm Kallestad / NTB

After ten years of decline, the proportion of home buyers buying a home with others rose in the fourth quarter of last year.

The change in the trend is particularly marked in Oslo, according to the Norwegian Real Estate Association, which connects the development in the fourth quarter to rising house prices, especially in the capital.

“Low interest rates provide a strong incentive to buy a home because it is financially much more favorable than renting. 

“Many people solve this by buying (a home) together with others, which means that they can meet the financing requirements,” CEO Carl O. Geving of the Norwegian Real Estate Association noted.

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

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