Wednesday , December 2 2020

The former Housing Director again believes in price quotes in 2020



"I think we will get a ten percent increase in housing prices in Oslo in 2020. Maybe even more," said Director of Housing Selvaag Baard Schumann, Friday edition of the Næringsliv (DN) Dagens.

As such, it is much lighter than the forecast proposed on Tuesday, where socio-economic analysis expects housing prices to rise by only 5.5 percent in Oslo over the next three years.

– dramatically fewer homes

Even Schumann pointed out a number of factors that the price could make byx in the capital.

– The interest line to the Norges Bank is too aggressive. Yes, interest rates will rise, but wage growth will exceed interest rate increases. This, combined with a low settlement, will raise prices, he said.

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

For DN, he tells us how we will get "dramatically fewer homes" completed in 2020. Despite the fact that Oslo has a large number of regulated homes, only 8,000-9,000 houses can be built in the next few years, Schumann believes .

Also read: House prices fell 0.6 percent in November

– The most dangerous thing I've ever seen

A more different view is the chief economist, Jan Ludvig Andreassen. He opposed other analysts by predicting a sharp decline in house prices over the next few years.

At the Norwegian Real Estate Association conference, he distinguished himself from his distinctive title.

"Today's housing market is the most dangerous thing I've seen in my life," Eika Group's chief economist said on stage, according to DN.

He not only believes that interest rates will not rise, compared to the Norges Bank, but Andreassen also points to the population.


MOTION RAKE: Chief Economist Jan Ludvig Andreassen stands out with his forecast for the housing market.

MOTION RAKE: Chief Economist Jan Ludvig Andreassen stands out with his forecast for the housing market.

Terje Pedersen
NTB scanpix

Chief economists point out that the birth rate in Norway, along with all of Europe, fell.

Another thing he made was that without immigration, Norway "stopped Norway".

But Andreassen, not having a clear answer when the price of a house would fall, he was somewhat worried about how the long line was extended.

Also read: Norwegian Property: Housing prices rose 0.1 percent in September 2018

Report an error in the article



Source link