14.03.2012 - Norway house prices may fall ‘markedly,’ bank watchdog warns

Norwegian house prices may fall “markedly,” threatening to expose the economy to “substantial” knock-on effects, the financial regulator said. The overheated housing market is the biggest domestic threat to the economy, the Oslo-based regulator said today in a statement. Households have swelled their debt loads and grown more reliant on interest-only loans as they assume rates will remain low, the regulator said...............................................Full Article: Source

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