Norway property market to struggle in 2014

[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, experts said, confounding some earlier expectations for a 10-20 per cent drop, as the fundamental drivers, from high immigration to low unemployment and record oil investments still support the market.