It came out at Wednesday’s press conference where the forecasts for 2023 were presented. Oslo has the biggest decline of the big cities with a 6 percent decrease. In Bergen and Trondheim, they predict that prices will fall by 1 percent. In Stavanger, on the other hand, prices are expected to increase by 1 percent. House prices nationally fell by 6.5 per cent through September, October and November. It is the biggest drop since the financial crisis in 2009. Several have predicted a fall in prices In recent months, housing prices have fallen. And it seems that the fall in housing will continue, we are to believe Norges Bank. They estimate that the price drop will be 4.3 per cent until next year. In November, house prices fell by 2.2 per cent in November. That is 0.9 percentage points more than is usual for the penultimate month of the year. Throughout the autumn, various players have released their forecasts for house prices for next year. Statistics Norway (SSB) presented its calculations in September. They estimate that prices will fall by 2.5 per cent in both 2023 and 2024. – The reason is mainly weaker real income growth as a result of increased prices, lower employment and higher interest rates, said managing director Geir Axelsen of SSB to NTB. On Wednesday, Eiendom Norge presents its forecasts for house prices for next year. See the press conference at the top of the case from 11 o’clock. NHO also predicts a drop in prices over the next 12 months. They expect a fall of 6 percent next year. That is more than 5 percentage points more than they thought earlier this autumn. – The fall is coming faster and will be steeper than we imagined previously, because it is now that the interest rate increases are being felt, says NHO’s chief economist Øystein Dørum to E24 The Society for Economic Analysis’s forecasts for the housing market show a price drop of 8 per cent between now and 2023. In Oslo, it is expected a full 10 percent decrease. – The decline in house prices affects those who are inside and those who are outside the market very differently, says social economist Andreas Benedictow in the company. Earlier in December, the government defied the Financial Supervisory Authority’s advice and changed the lending regulations. It makes it easier to enter the housing market: Bought before the price peak The expected price drop is bad news for home buyers who have already entered the housing market. Last year, Bodø was the city in Norway with the highest price growth. In 2021, prices in Bodø and the neighboring town of Fauske will rise by 13.3 per cent. One of those who bought during this price increase is nursing student Jenny Elise Kittelsen (23). Jenny Elise Kittelsen could smile broadly after a price increase of NOK 600,000 on the home in Bodø. Now, however, it appears that the value will decrease until next year. Photo: Privat In 2020, she paid NOK 1.5 million for her first apartment. – I had an opportunity to buy, and wanted to quickly enter the housing market. I thought it was wise. Then house prices rose sharply. – Before the summer I considered selling to look for something bigger. I got an appraisal and it had gone up quite a bit. With NOK 600,000. Now, however, it looks like the arrow is turning the other way. – I may not be stressed, but a little disappointed. It would have been nice if it was the other way around. Along with increased interest, installments, electricity bills and food prices, it is felt on Kittelsen’s wallet. – It won’t go much further now. When you are a full-time student with a lot of practice, there is not as much capacity to take extra shifts. It’s a bit on the hanging hair. – And I know of students who struggle considerably more than me.
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Presents forecasts for house prices in 2023 – news Nordland
