Selvaag Bolig sold 274 homes for 1.4 billion in the first quarter.After adjustments based on cooperative projects, the total value of these projects is NOK 1.24 billion
The report pointed out that this was the best first quarter sales and the second best second quarter sales in the company’s history.
-Sales in the first quarter were very good. There is huge demand in all the markets we operate, especially in the suburbs of Oslo. CEO Sverre Molvik said that this is due to the fact that we have quality products in the right place, mortgage interest rates are low, and the building area in Oslo is too small.
He said that they have sold well in the projects that have already started, and in addition, “successfully started sales.” Morvik said that the demand for “stamped houses” is particularly high because “stamped houses” share common areas and services.
Net sales for the same period in 2020 were 164 houses with a total value of NOK 840 million, and total sales of 196 houses with a value of NOK 1.031 billion.