Former Housing Director once again believes in a bid in 2020

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According to Baard Schumann, two factors in 2020 will lead to a new rise in housing prices.

"I think real estate prices will grow by ten per cent in Oslo in 2020. Maybe even more," says the director of the Selvaag housing estate, Baard Schumann, the Friday edition of Dagens Næringsliv (DN).

It is therefore much lighter than the forecast proposed on Tuesday, when socioeconomic analysis expects property prices to grow in Oslo by only 5.5% over the next three years.

– Dramaticly less home

Even Schumann points to several factors that the price can make in business in business.

– The interest rate for Norges Bank is too aggressive. Yes, interest rates will increase, but wage growth will exceed the rate hike. This, coupled with a low completion time, will raise prices, he says.

Schumann estimates that the number of homes completed in 2020 will be too low to meet high demand.

DN tells us how to finish "dramatically less home" in 2020. Despite the fact that Oslo has a large number of regulated homes, only 8,000 to 9,000 homes can be built in the next few years, Schumann believes.

Read also: Prices of apartments in November fell by 0.6 percent

– The most dangerous thing I've seen

Still another point is the main economist Jan Ludvík Andreassen. He goes against other analysts predicts a sharp decline in property prices over the next few years.

The conference of the Norwegian Union of Real Estate features a distinctive title.

"Today's apartment market is the most dangerous thing I've seen in my life," said Eika Group's chief economist at the podium.

Not only does he think that, unlike Norges Bank, he will not raise interest rates, but also Andreassen points to the population.

RAKE MOTION: Chief Economist John Ludvig Andreassen excels in his housing market forecast.

Terje Pedersen
NTB scanpix

The economist highlights that the birth rate in Norway, along with the rest of Europe, is declining.

Another point he said was that without immigration, Norway "stopped Norway".

Andreassen, however, does not have a clear answer to when real estate prices are falling, is rather concerned about the prolongation of long lines.

Read also: Property Norway: House prices rose 0.1% in September 2018,

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