New home sales in Norway fell, but prices continue to rise

In September 2013, sales of new housing in Norway has decreased in some areas of the country at 35-36% per year, but prices are higher by about 8% compared with the previous year, according to the online source OPP Connect . Experts note that the new buildings market declines in the eastern, western and southern parts of the country. According to the study, which also involved the country's capital, the decline in the new housing market can be compared with what followed after the financial crisis in 2007-2008. Despite the relatively low inflation and low unemployment in the country, buyers scared off high housing prices. The average cost of housing in new buildings in Norway is about 5660 euros per square meter. m, which is 8.2% higher than in 2012. The highest cost is fixed at the center and in the west of Oslo - an average of 8650 euros per square meter. m. HomesOverseas.ru