Wednesday, August 1, 2007

Norwegian house prices do crash in the woods (=:

Boligkrakk

Don't go to this link unless you speak Norwegian - I just wanted to tell you that after years of astronomical growth, some areas of Norway experienced 10% losses last month - even the capital Oslo caught a summer chill. The average fall was 2,2 %. The word "Boligkrakk" = "House price crash" was used to head the article. They have predicted a really uncomfortable Autumn. Watch this space. Just to point out- this is happening in an economy where they are crying out for more workers and where interest rates are lower than in the UK.

Posted by onyerhike @ 07:20 PM (417 views)
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5 thoughts on “Norwegian house prices do crash in the woods (=:

  • onyerhike, How easy is it to get a job in Norway. Whats the average salary?

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  • Norwegian wood isn’t it good.
    Gay song all about denial, wish it was not so etc.
    HPC is like that.

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  • Norwegian wood, a John Lennon song about being gay and in total denial.

    HPC lots of people in denial

    GAY the same.

    HPC hopefully not many suicides, think of Justin Fashenu and well think a bit more.

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  • Boom

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  • Captalistpiglet says:

    The Norwegians have a single word for ‘house price crash’?! Thats more paranoid than we Brits.

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