Cookie Consent by Free Privacy Policy Generator
14.6 C
Oslo
Tuesday, May 28, 2024

Housing market perks up

More sellers and buyers entered Norway’s weak housing market last month, and real estate brokers claim it picked up after a very chilly winter. More people are attending open houses, they claim, and there’s a better balance between supply and demand.

“Quite a lot of homes have been listed for sale,” Grethe Meier, managing director of the real estate brokerage Privatmegleren, told newspaper Dagens Næringsliv (DN). She went so far as to claim that “the whole country is waking up” after a “somewhat boring” first quarter.

The housing market activity comes despite warnings about uncertain interest rates and housing prices that remain high, especially in Norway’s biggest cities. Several sellers have had to lower their prices, however, and far from all are pleased, especially when no one turned up at scheduled property showings.

Meier and other brokers put a better spin on the market, noting that prices have risen an average 5.9 percent during the first three months of the year.

NewsinEnglish.no staff

LATEST STORIES

FOR THE RECORD

For more news on Arctic developments.

MOST READ THIS WEEK

Donate

If you like what we’re doing, please consider a donation. It’s easy using PayPal, or our Norway bank account. READ MORE