Monday , January 24 2022

Former Director of Housing again believes in price proposals in 2020


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According to Bard Schumann, two factors will lead to new construction prices in 2020.

"I think we will get a ten percent increase in housing prices in Oslo in 2020. Perhaps even more," says Selvaag Director of Housing Bard Fat, Friday edition of Næringsliv Dagens (DN).

Therefore, it is much easier than the forecast proposed on Tuesday, where socio-economic analysis predicts housing prices will rise only 5.5 percent in Oslo for the next three years.

– dramatically less homes

Even Schumann points out some factors that the price can make beer in the capital.

– Interest track Bank Norges is too aggressive. Yes, interest rates will rise, but wage growth will outweigh the interest rate hikes. This, combined with a low level of acceptance, will raise prices, he says.

Schumann estimates that the number of homes completed in 2020 will be too low to meet the high demand.

To Dan, he tells us how we will get "less dramatic homes" by 2020. Despite the fact that Oslo has a large number of regulated houses, only 8,000-9,000 homes can be built in the coming years, Schumann believes.

Read more: Housing prices fell by 0.6% in November

The most dangerous thing I saw

An even more different view is the chief economist Jan Ludwig Andreasen. He goes against the rest of analysts by predicting a sharp drop in house prices in the coming years.

At a conference of the Norwegian Commission, he noticed himself with his unique title.

"Today's housing market is the most dangerous thing I have ever seen," said Eika Grupp, chief economist of the platform.

Not only does he believe that interest rates will not rise, as opposed to Norges Bank, but Andreasin also points to the population.

RAKE: Chief economist Jan Ludwig Andreasen stands out with his predictions for the housing market.

Treya Pedersen

The chief economist notes that birth rates in Norway, along with the rest of Europe, are falling.

Another point he made is that without migration, Norway "stopped Norway."

Andreasen, however, there is no clear answer when housing prices are going to fall, he is quite concerned about how long queues extend.

Read also: Property Norway: housing prices rose 0.1 percent in September 2018

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