16 square meters – asking price 2.5 million

16 square meters – asking price 2.5 million

The interest rate increases bit by bit, but on the sale of very, very small apartments. – It’s always a seller’s market here.

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This is what Henning Lauridsen, CEO of Eiendom Norge, tells VG.

This is despite housing prices It rose 0.4 percent in AugustIt was the weakest August in house price statistics history.

– Interest rate hikes are now starting to bite house prices, Henning Lauridsen at Eiendom Norge said last week when house prices for August were announced.

But he doesn’t think that means anything for the price of Oslo’s tiniest apartments.

– No. It’s still a seller’s market for these types of small apartments. I think it will almost always be, says Henning Lauridsen.

Price reduced

In May, a 16 square meter apartment was sold in Vålerenga, Osloor three million kroner. Now a new 16 square meter apartment in the center of Oslo is for sale for over 2.5 million.

– Although these houses are very small, they are the only thing that many people who want to live in Oslo can afford. At the same time, there are many people who want to live precisely in the center of Oslo. Also, such small apartments are no longer allowed to be built, which means the offer is very small, Lauridsen continues.

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Harold Mufoncol, estate agent and partner at EIE eiendomsmegling, writes via SMS to VG that we have listed this property once before for 2,690,000 without receiving any bids.

– We had several interested parties sitting on the fence, but no one chose to come on board. However, I have received signals from stakeholders that there is interest in this type of housing. We have now opted to lower the suggested price to 2,550,000 and have already noticed that the interest is better. There are very few in the same price range with such a central location, so I think it will be a while before someone picks it up, writes Harold Muffoncole for VG.

There are alternatives

Kjetil Nilssen, partner and estate agent and partners at Nordvik, points out to VG that living in the center of Oslo is not a human right.

– There are many good places outside the center as well – and communication is good, says Nilsen.

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Joshi Akinjide

Joshi Akinjide

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