OSLO May 4 Norwegian seasonally adjusted
housing prices were unchanged in April compared to March,
confirming a weaker trend after years of strong growth, a real
estate industry association said on Thursday.
On a year-on-year basis, prices rose by 10.7 percent in
April, down from 11.7 percent in March and from a peak of 13
percent in February, Real Estate Norway (REN)said in a
"April developments confirm a moderate trend and we see
signs of a levelling-off (in prices) across most of the country.
We expect the moderate trend to continue in the months to come,"
The Norwegian government at the start of the year imposed
tougher banking regulations to curb mortgage lending an help
limit the growth in property prices.
Unadjusted prices rose by 0.5 percent in April from March.
The housing data was compiled by Real Estate Norway, FINN
(Reporting by Ole Petter Skonnord, writing by Terje Solsvik,
editing by Gwladys Fouche)