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Norway's housing market downturn gathers pace amid bubble fears

Annual nationwide gains have slowed to 6.3% from 8.3% in May and to 11.5% from 16.5% in Oslo


ONE of the world's hottest housing markets is now cooling fast, sparking concern that a bubble is bursting after the rapid price increases over the last few years.

Average nationwide house prices fell seasonally-adjusted 0.7 per cent in June, declining for a second month, Real...