Now property prices in Norway have reached its record high and may significantly fall soon, according to ee24.com citing bloomberg.com.
Good news for those looking to buy property in Norway cheaper. According to forecasts of Nordea Bank AB, for the next two years, the prices will fall by 20%. Erik Bruce, an economist of Nordea, called this "a rather hard landing." Experts from SEB AB forecast a 15 per cent drop in home prices in Norway to year 2015.
Let us recall that last year prices increased by 8.2%, reaching €5,690 per square meter. But now the real estate falls in price for two consecutive months. Prices were by 1.5% lower in October than in September.