Govt urged to cool Norway's property market

Oslo

NORWAY'S biggest political group says the country's housing market is heating up at too fast a pace for policy makers to ignore.

The Labor Party wants the government to consider measures that will help Norway's financial regulator stop a housing bubble forming, Marianne Marthinsen, the party's speaker on the parliamentary finance committee, said in an interview. "The development in prices is moving so fast that there is a chance that it might develop into a bubble," she said.