8 December 2023 at 08:01 SSB: Abrupt stop in housing construction leads to interest rate cuts next year This is according to SSB’s forecasts up to 2026. Higher interest rates and increased costs for housing developers have contributed to throttling housing investment, which will result in lower growth in the Norwegian economy, the press release states. The sudden halt in housing construction is helping to cool down the Norwegian economy. – We expect housing investments to fall by more than 30 per cent this year and next year, says Thomas von Brasch, head of research at Statistics Norway.
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