In Norway the housing price increased by 9.1% year on year

In Norway there are favorable conditions for investment – the economy is recovering after the crisis, unemployment is falling, and banks cut mortgage rates to record low levels.

According to Real Estate Norway, during August the prices rose by 2.8%. In annual terms, the growth of cost per square meter amounted to 9.1%. The number of real estate deals made up 8 628 – sales increase of 8.2% over the past 12 months.

According to forecasts, by the end of the 3rd quarter prices will increase by 7.3%, and even more – the Central Bank plans to lower interest rates on mortgages and thus provide support to the largest in Western Europe oil-producing state.

Norwegian brokers insist that in August the real estate prices in Norway has remained stable in all regions.

Based on the materials of bloomberg.com

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