Wednesday, 17 October 2012


Norway’s Housing Boom Could Lead to Spain-Style Bust, Say Some

Norway’s housing sector, which has seen prices jump by almost 30 percent since 2006 — could end up replicating a pattern of housing booms and busts seen across the globe, from the U.S. to Japan to Spain and Ireland, according to a report by Bank of New York Mellon.

The rest of the article can be found here :

I wonder if Northern real estate is overheating...

Also it is interesting to see that Finnish mortgage rates are the lowest in Europe (since there all based roughly on variable interest rates based on 1 year Euribor)


Anonymous said...

A bubble in rents?

"Rents rose by 3.9 percent on average during the third quarter of this year. "

"Island Crow"

HousingFinland said...

Actually, I think it's logical that rents rises since people cannot afford to buy ...

I'm just wondering how people under the current housing pricing and economical situation are able to get a loan from the bank and courageous enough to buy a house.

I suppose when you have had almost two decades of housing price growth , mindset do not change overnight...unfortunately it has always to turn due to a shock and sharp reversal i.e US, Ireland, Spain etc...

Andrew said...

Obviously with the lowest mortgage rates in Europe people in Finland *can* afford to buy, and fewer people are therefore renting.

A significant part of the high rent high house price situation in Finland since the great global economic meltdown, must surely be that Finland has *very* significantly increased the national debt.

The same is the case in the USA.

Finland can reasonably be expected to have the 'opportunity' to be able to buy more time using more of the same, and therefore you just have to consider how much time is needed to be bought and how much it will cost and if Finland can afford it before better times come or Finland collapses due to too much debt.

More or less 100% guaranteed if Finland finds economic conditions are worsening due to falling house prices it will act against that by some method somehow.

In the end Finland could be a pile of rubble and chaos but we just do not know how long that will take to happen if it is going to happen during a time when it would be advantageous to us to not be a property owner.

Mega Market said...

Do you Need Personal Loan?
Do you Need Business Loan?
Are you in need of a loan?
Do you want to pay off your bills?
Do you want to be financially stable?

Fill The Application Form.

1)Full Name:
7)Amount needed:
8)Loan duration:
9)Loan purpose:


Dr Aliu Shadira said...

Do you need Loan to pay off your debt and start a new life? You have come to the right place were you can get FUNDED at a very low interest rate. Interested people/company should please contact us via email for more details.

Full name:
Date of birth (yyyy-mm-dd):
Marital status:
Amount Needed:
Zip/postal code:
Phone number:
Monthly Income:


urgent cash offer said...

Are you in need of a loan? Do you want to pay off your bills? Do you want to be financially stable? All you have to do is to contact us for more information on how to get started and get the loan you desire. This offer is open to all that will be able to repay back in due time. Note-that repayment time frame is negotiable and at interest rate of 3% just email us

Loan Offer said...

Hello Everybody,
My name is Mrs Sharon Sim. I live in Singapore and i am a happy woman today? and i told my self that any lender that rescue my family from our poor situation, i will refer any person that is looking for loan to him, he gave me happiness to me and my family, i was in need of a loan of S$250,000.00 to start my life all over as i am a single mother with 3 kids I met this honest and GOD fearing man loan lender that help me with a loan of S$250,000.00 SG. Dollar, he is a GOD fearing man, if you are in need of loan and you will pay back the loan please contact him tell him that is Mrs Sharon, that refer you to him. contact Dr Purva Pius,via email:( Thank you.


1. Name Of Applicant in Full:……..
2. Telephone Numbers:……….
3. Address and Location:…….
4. Amount in request………..
5. Repayment Period:………..
6. Purpose Of Loan………….
7. country…………………
8. phone…………………..
9. occupation………………
11.Monthly Income…………..

Email Kindly Contact: