Norway housing prices rose 1.4% in May vs April

Selvaag Bolig ASA

04/06/2020 10:00

OSLO, June 4 (Reuters) - Norwegian seasonally adjusted
housing prices rose 1.4% between April and May, a real estate
industry association said in a monthly report on Thursday.
    On a year-on-year basis prices increased by 2.5% in May,
Real Estate Norway said.
    Unadjusted prices rose by 1.9% in May from April. The
housing data was compiled by Real Estate Norway, FINN and
Eiendomsverdi.
    "The increase must be interpreted in light of the re-opening
of society and a powerful economic stimulus from the central
bank's record low policy interest rate," Real Estate Norway said
in a statement.

 (Reporting by Victoria Klesty, editing by Terje Solsvik)
 ((terje.solsvik@thomsonreuters.com; +47 918 666 70))