15 November 2023 at 10:05 E24: New home sales plummeted in October Sales of new homes continue to fall compared to the same time last year. – In October 2023, the twelve-month sales will be lower than the bottom point during the financial crisis, says CEO of Boligprodutenenes Forening, Lars Jacob Hiim to E24. The sale of new homes in October 2023 is 28 percent below the sales in October 2022. The start of new homes in October 2023 is 12 percent below October 2022. – Unfortunately, we believe that the market for sales and starts of new homes will fall further, as it has been announced yet an interest rate hike in December, says Hiim. Recently, the head of Eiendom Norge compared new home sales to the financial crisis. During the financial crisis and the time that followed, fewer homes were built than normal. The banks did not have funds to lend.
ttn-69