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Norway property market to struggle in 2014

Builders will slow down construction work to reflect easing demand

Published Mon, Jan 13, 2014 · 10:00 PM
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[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.

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