Norway's New Bubble

Prices of real estate has jumped over 15% over the last 12 months, the latest figures from the Norwegian real estate brokers. Both economists and central bankers are worried about a new economic bubble.

Home Prices:

* Up 0,2% from last month (seasonaly adjusted up 1,2%)

* 15,1% up from november 2008.

* Now at the same level as august 2007 (adjusted for inflation 7% lower than aug.07)

* 207% higher that the record hights of 1987. (adjusted for inflation,  75% higher).

* 339 % hgher than the record lows in 1992. (adjusted for inflation,  208% higher).

Yeah, baby…PUMP IT !!!

Here’s the full report (only avilable in Norwegian).


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