Norway's strong house price surge continues
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Norway’s housing market has been performing impressively. The house price index rose 8.4% during the year to the first quarter of 2011, according to Statistics Norway, or 7.5% adjusted for inflation. The first quarter’s rise was a giant leap, with the index up 5.1% q-o-q (4.5% real), in contrast to a 0.1% drop in Q4 2010.
Norway’s market began recovering in early 2009, after house prices fell from mid-2007 to 2008:
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