Pursuits
Oslo Housing Prices Soar 24% Amid ‘Social Engineering’ Debate
- Shifting demand creates imbalances, permanent change
- Says can’t stay on the high part of price cycle forever
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Norway’s government may end up regretting its move to target Oslo in an effort to cool a runaway housing market, according to a leading real estate economist.
"I don’t think it’s a good idea generically to social engineer where people live," Albert Saiz, professor at Massachusetts Institute of Technology, said in an interview on Thursday.