IMF fears a bubble in the Norwegian market

IMF fears a bubble in the Norwegian market

The International Monetary Fund announced the Norwegian market is one of the most overheated in the world, and prices for real estate in this country are overestimated by 40%, reports ee24.com with reference to the Financial Times.

In the statement IMF said that such a large revaluation could have a negative impact on the level of consumption and domestic investment. The situation is aggravated by the high level of indebtedness on the part of households.

The Statistical Office of Norway notes the increase in prices by 71% since 2005. Such a sharp increase reflected an increase in the country's income from oil production and rising wages.