Norway Home Prices to Gain Faster From Spring, SHB Says
- Prices seen gaining 4% by end-2024, 7.7% by end of 2025
- Low supply, higher pay and expected rate cuts to drive growth
Housing prices in Norway have exceeded the central bank’s projections in the past months.
Photographer: Kristian Helgesen/Bloomberg
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Norway’s home prices are set for an extended rally from spring next year through 2025 due to high wage growth and upcoming interest-rate cuts, according to analysts at Svenska Handelsbanken AB.
Housing prices in Norway have exceeded the central bank’s projections in the past months by remaining steady in the face of a string of key rate increases, adding to evidence of a more resilient market than those in the neighboring Nordic countries.