Norwegian seasonally adjusted housing prices fell by 0.4 percent in August from July, the fourth consecutive monthly decline as the cost of buying a home continues to ease from recent record highs, a real estate industry association said on Tuesday.
On a year-on-year basis prices rose by 3.1 % in August, below 4.8 percent seen in July and down from 13 percent seen as late as February, Real Estate Norway said. Tighter mortgage regulations, lower population growth and a boom in construction, flooding the market with new homes, have all contributed to the recent market turnaround.
Unadjusted prices rose by 1.2 percent in August from July.
