Housing construction in Norway is slowly returning to level of pre-crisis years. In Q2 2014 7,575 permits were issued (+9.6% year on year), and 7,430 dwellings were completed (+12.9%), writes ee24.com citing ssb.no.
The number of permits before the crisis was about 8,000 in the quarter, and in 2009-2010 it fell to 4,000-5,000. Since 2011 the recovery has started.
Norway is known for expensive real estate, and increase in the pace of construction is one of the measures to slow down the growth of prices. In Q2 the property in this northern country was the most expensive in the history of statistical observations. Prices of square meter in Norway is now close to the mark of €6,000.