House prices are expected to rise sharply until 2027 – with an additional peak in Oslo. Chief economist Nejra Messick fears that more and more people will fall from the burden.
Socio-Economic Analysis It predicts that house prices in Oslo could rise by 33 percent by the end of 2027. Handelsbanken has a strong growth forecast: they expect house prices to rise by 20 percent, reports TV2.
– If the socio-economic analysis is correct, it means there are a lot of buyers exiting the housing market in Oslo, says chief economist Nejra Macic. Today's business.
Today, the average price per square meter is NOK 92,000. In 2027, it is expected to be NOK 120,000. But in most central districts the price is still higher.
– Macic says people will be priced out of the city more than they have been in recent years.
Housing researcher André Kallåk Anundsen at the Housing Lab at Oslo Met has studied the housing market for over ten years. He believes political will is needed if people on modest salaries are to live in Oslo.
– Renting to own is all well and good and can help in the short term. If the underlying problem is to be tackled – not enough housing – it needs to be eased on the supply side, says Anundsen.
(© NTB)
“Music geek. Coffee lover. Devoted food scholar. Web buff. Passionate internet guru.”
