Can the corona crisis move the “center” of the real estate market out of Oslo? Brokers said demand for space and home offices have angered bidding activities in the suburbs. Housing researchers are now looking for answers to whether the pandemic has changed the direction of the market.
Whether the corona crisis triggers lasting changes in people’s places of residence is one of the main concerns of researchers.
Oslo has long been the fastest-growing region in Norway. Economists point out that population growth has not been matched by housing construction.
This is considered to be the main reason why the capital’s housing prices have risen more sharply than in other parts of Norway.
But will the coronavirus change?
Housing researcher Erling Røed Larsen said he saw signs of so-called “relocation” in the Norwegian housing market during the pandemic-where the value of people’s place of residence has fallen and people would rather spend money on a few square meters.
-Americans talk about the “space race”. We also see in Norway that people want more space. Larson said, I also dream of having a gym at home.
He is a social economist and research leader of the Housing Laboratory of the Housing Research Center.
At the Eiendom Norge housing conference on Tuesday, Larsen announced that the research team has now begun to study the
The index measures the conditions of the central cities of Norway based on travel time to the workplace and service functions.
-We mean to find signs that things started happening last summer. Larson said that we found some strange discoveries in some cheap places, but now these places are starting to move.
The hypothesis is that when comparing houses under other conditions, the price premium at the central location has become smaller.
-When it comes to Porsgrunn and Skien, our house prices have gone up a bit. This is consistent with what is happening, and we have not yet determined that this is related to Oslo immigration.
Researchers will compare price and area data before and after the pandemic last year to determine possible changes in the market.