Strong price rises in Norway: house price bubble?
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Low interest rates are powering strong price increases across all regions and property types in Norway. Sound economic management and careful spending has brought Norway relatively unscathed out of the global financial crisis.
Norway’s house price index increased 9% during the year to Q2 2010, including a rise of 3.7% in the most recent quarter (Q2), according to Statistics Norway. Its housing market recovered in early 2009, after house prices fell from mid-2007 to 2008.
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