Norwegian Housing Slump Deepens in Threat to Economic Recovery
- Housing prices slid 6.2% in capital city Oslo last year
- Norway’s central bank has signaled rate increase late 2018
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Norway’s house prices extended losses in December, adding to concerns an economic recovery will be thrown off track.
Housing prices fell a seasonally adjusted 0.5 percent, Real Estate Norway, Eiendomsverdi and Finn.no said in a monthly report. Nationwide they fell 2.1 percent over the year through December, driven by a 6.2 percent decline in Oslo.