House prices fell by 1 per cent in October – news Rogaland – Local news, TV and radio

The October figures from Eiendom Norge show that house prices in Norway fell by 1 per cent. Adjusted for seasonal variations, they rose by 0.2 per cent. The average price for a home in Norway was NOK 4,370,018 at the end of October. – We expect a weak price development in housing prices in the next two months. As it looks right now, the nominal development in 2023 will end at around zero, says managing director Henning Lauridsen of Eiendom Norge. When Eiendom Norge presented the figures in September, CEO Henning Lauridsen told Eiendom Norge that they expected the price development in 2023 to probably end at zero. – The figures were very surprising, says chief economist at SpareBank 1 Harald Magnus Andreassen to news. Stavanger and Kristiansand stand out Housing prices in Stavanger fell by 2.9 per cent in October. Adjusted for seasonal variations, prices here fell by 0.8 per cent. Stavanger had a weaker seasonally adjusted development last month compared to Oslo, Bergen and Trondheim. But the strongest development so far in 2023 has been seen in Kristiansand and Stavanger and its surroundings, with an increase of 6.7 and 6.4 per cent. In the rest of Norway, it has risen by 2.7. – House price trends in Stavanger and Kristiansand this year differ from the rest of the country, and we expect that these cities will also stand out when 2023 is over. says Lauridsen. Many buyers – When there was an oil crisis, things went down in Rogaland, but things went up in the rest of the country. Now the picture is reversed, we are a little different from the rest of the country, regional manager of Eiendom 1 Rogaland Sverre Dahle tells news. He says that Rogaland generally has favorable housing prices, and therefore there are a number of buyers. – Whether we have to pinch ourselves, we’ll see. In Rogaland, the figures are better anyway, says the regional manager. According to Dahle, the fall is felt to a greater extent in Northern Norway, Oslo and Bergen.



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