The real estate market in Norway has slowed down significantly after many years of growth, writes the Global Property Guide .
The Norwegian housing market began to cool sharply after nearly eight years of continuous growth. Given inflation, the nationwide housing price index fell 0.37% over the past year.
Local housing prices rose 2.33% over the last quarter.
The slowdown can be partially explained by the introduction of stricter mortgage rules, which entered into force on January 1, 2017, which were aimed at limiting housing prices in Oslo.
According to Statistics Norway, in the second quarter of 2019, sales of residential real estate in Norway fell by 10.5% to 16,412 properties
Today, the cost per square meter in an apartment in Oslo is about 8162 euros.
HomesOverseas.ru
