Sep
05
Norway House Price Rally Accelerates Amid Record Low Rates
ByThe surge in Norwegian house prices accelerated in August, adding pressure on the central bank to hold off on a plan to cut interest rates.
Prices rose a seasonally adjusted 1.1 percent last month, compared with 1.0 percent in July, according to a report from Real Estate Norway released Monday in Oslo. They increased a nominal 2.8 percent in August and 9.1 percent from a year earlier…