(Obi.no:) Boligprisstatistikk from the Estate of Norway showed earlier today that house prices fell 1.5 per cent in november.
Adjusted for seasonal variations was house prices down 0.5 per cent.
12-månedersveksten came in at 2.0 per cent, and fell thus from 2.4 per cent in October.
Managing director Christian V. Dreyer of the Estate in Norway accepted in today’s presentation that the figures were weaker than normal for the month.
This is probably something on the lower side of what many had expected. One reason could be that we during the year have had a stable high tilbudsside. We now see of the market that this goes up. We see a part of sellers that has been out for a while, had multiple rounds of impressions and choose to sell at lower levels than they wanted when the process started, he said.
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– the Sellers get good prices
the ceo of Norwegian real estate agents (NEF) Carl O. Geving is well satisfied with the current numbers.
– the Turnover is the fantastic. The interest and the purchasing power is great, at the same time as the supply is very good and the demand good. But the price level is high. The sellers don’t experience a bonanza in 2016/17, but they get good prices. We have always been clear that the kind of inflation we saw then are not lucky, ” he says to the Obi.no.
In February of last year Oslo had a 12-månedersvekst on 24 per cent, before prices fell 12 per cent in a few months.
– That prices go sideways is the way it should be. Everything sold away, and no one really has reason to be dissatisfied, even if it is boring for sellers not to get the same prices as under the bonanzaen. But there are plenty of homes available, and those that are sell get sold, just that it takes a little longer, continue NEF director.
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– Gets hardly any drama,
Geving describes the current housing market to be well functioning and good, and believe this will continue over the new year period.
– If Norges Bank’s rentebane followed, there is no way to no drama. Many get better purchasing power because wages are rising more than the expenses. The only concern is boligproduksjonen, which goes in fits-and-starts. To get several homes in will give a positive effect, and to add some drama, in this we mean being meaningless, he says.
We have a need for more housing, and there is no reason to fear large volumes in relation to total revenue, at least not in pressområdene. It traded the even more homes now than last fall. When put buyers on the fence, whereas now they are on the pitch at the same time as the sellers have adjusted themselves down, continues NEF director.
– Still a buyer’s market
Geving think that most people over time will understand that it is not only the needs and fundamental factors that drive house prices, but also expectations.
This so we the evident in Oslo last year. We believe in a better supplied housing market next year, and that the buyer’s market remains. If we do not get a shock in the economy or major changes in people’s expectations, we expect a fairly healthy market next year, he closes the face of the Obi.no.
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