Norway's Strongest Housing Market Since 2016 Stokes Rate Bets

Norway’s Strongest Housing Market Since 2016 Stokes Rate Bets
Mar 03 2021, 7:53 PM
March 03 2021, 7:21 PM
March 03 2021, 7:53 PM
(Bloomberg) -- Norway’s house prices reached the highest level in five years, adding pressure on the central bank to raise interest rates well before peers with a move as soon as the second half of 2021.
(Bloomberg) -- Norway’s house prices reached the highest level in five years, adding pressure on the central bank to raise interest rates well before peers with a move as soon as the second half of 2021.
The cost of a home rose 1.3% this month from January, the biggest increase for a February since 2009, according to Real Estate Norway, Eiendomsverdi and Finn.no. Annual gains exceeding 10% in several areas, including a 15% jump in Oslo, signal the strongest market since 2016, said Henning Lauridsen, the chief executive officer of Real Estate Norway.

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