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Housing Crisis is Growing in Norway

Just a few weeks prior to the new academic year, around 12.000 students are still struggling to find house in the major cities of Norway. The lack of student housing leads the vast majority of students into the private housing market. According to the estimation of NEF, 86 percent of students must be in the private housing market especially in major cities like Oslo.

On the other hand, the agents reported that fewer houses were built in the first half of 2012 compared to the same period of last year. Throughout 2011, under 28,000 homes were built, and experts argued that the figure should have been up to 40 000 if they would take away the pressure in the housing market.

So, the authorities are afraid of this inbalance between the demand and supply will lead to abrupt increase in housing prices in Oslo, Bergen, Stavanger and Trondheim.

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