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Norway’s housing market cooled down by new policy

Posted on 03 January 2013

After reaching record highs in property prices in 2012, activity on Norway’s housing market is expected to drop in 2013 as new policies are introduced. According to a release by two industry associations, house prices will still rise this year, but the percentage would be somewhere between 4 and 6, after a 7.7% spike in 2012.
The slower rise of prices will be the consequence of new rules on bank loan reserves are introduced, directly affecting mortgage lending, Norwegian realtor association NEF and real estate agency body EFF said………………………………………..Full Article: Source


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