Mallorca/Obi.en: - the Housing market slowed at the end of 2018. There are several bruktboliger for sale than of nine years. The next quarters are completed, many homes, especially in Oslo, says Harald Magnus Andreassen, from Sparebank 1 Markets.
He predicts zero-growth in the housing market next year.
Sjeføkonomen points out that population and income growth are low.Debt and house prices have risen too much
recent years have interest rates been plummeted to a new low without the economy has been weak. It has led to that debt and house prices have risen a lot. Either the interest rate up, or as to the economy "down". None of that is okay for the housing market.
the Price level is also so high that it over time will lead to overbygging because it is too profitable to build, believe Andreassen, who also point out that rental prices are very low compared to house prices.
- the Norwegian housing is the last thing I recommend as an investment, along with Swedish, canadian and australian homes. The return is low, the downside is huge, the upside limited, says Harald Magnus Andreassen.
Then, house prices for november was ticking into 5. December, with a decrease sesongkorrigert of 0.5 per cent, was even Andreassen surprised.
It was weaker than I had expected, he said to HegnarTV earlier in December.
Now I have been uneasy for the house as long as anyone can remember, and that they can fall is quite obvious.- We have come to the end of the road
He thinks we look the same in Norway, as is now happening in Sweden, in Canada and Australia.
The past few years have boligmarkedene been much more uneven, and they are down from the top mostly the whole bunch, at least in realpriser, " says Andreassen.
He points out that there is something going on in those countries, where the debt after the financial crisis, increased sharply.
" We got low interest rates, we had no special problems on the labour market, house prices and residential construction fell not much. We were still just as low interest rates as the countries where it went completely wrong. In Norway, the cuts gunpowder in the economist, and we continued gjeldsfesten and boligprisen step further and now we have come to the end, and the period is over, " says Andreassen.More økonomisaker:Petter Stordalen: - Never had more exciting things on the blokkaToppforvalter: - the Stock is leveraged from here to evighetenNorsk oljeekspert: - Opec should not cut