You are here

Norway property market to struggle in 2014

Builders will slow down construction work to reflect easing demand
Tuesday, January 14, 2014 - 06:00

What lies beneath: Specialists now see prices down around 2 per cent on average this year after the market rose unexpectedly in December and household credit growth stayed at 7 per cent in November, a benign annual drop considering last year's 4.9 per cent average increase. - PHOTO: REUTERS

[OSLO] Norway's overvalued housing market looks to have avoided a crash as the nation's immense saved-up wealth cushioned the economy, but the property market is set to struggle in 2014. That could dampen growth in what was once seen a model economy. Prices could fall just 1-3 per cent this year

Market voices on:

Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at

Powered by GET.comGetCom