Housing market dangers are “especially acute” in Australia, Hong Kong, Canada and Sweden, Oxford Economics said, noting this has historically posed a threat to economic activity.
House prices rose by 1.1 % in May from April, real estate industry data showed, while the annual rate of change swung to growth of 1.0 %
The housing market in Oslo is robust at the moment, Mr. Bonde said, and “houses sell really fast.”
Fears that the global surge in asset prices could turn into a crash have heightened after central bankers in Switzerland and Norway indicated they may take hawkish action to address house prices and strained family finances.
Tighter mortgage regulations, lower population growth and a boom in construction have all contributed to weaker demand for housing in recent months
In November, year-on-year prices fell by 0.5 %, the first negative reading since 2014 and down from a February peak of 13 %
On a year-on-year basis prices rose by 0.7 percent in October, below 1.5 percent seen in September and down from 13 percent growth seen as late as February, Real Estate Norway said.
The sale of new Norwegian homes fell by 33 percent year-on-year in September while housing starts fell by 20 percent, the Norwegian Home Builders' Association (NHBA) said on Wednesday.
Norges Bank Real Estate Management paid $223 million for the stake in the 93-year ownership interest of 375 Hudson Street from Trinity Church Wall Street
Sales dropped 30 % year-on-year in June alone, the Norwegian Home Builders' Association (NHBA) also said
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