The debt of the Norwegians
Norway is still considered one of the richest countries in Europe. The average tourist who visits this beautiful country of trolls and fjords legends can make you dizzy. There is, however, the other side of the coin. Many households in Norway are struggling with debt. What are the reasons for this? What is the reason for the most common debts of Norwegians?
Jacques Miniane, director responsible for analysis of the Norwegian economy at the International Monetary Fund (IMF), assures that Norway is monitoring this disturbing situation and keeping its finger on the pulse. It also confirms that the current situation also affects housing prices: “We see that house prices are no longer as inflated as they were a year ago, but there are other things that worry us. For example, growing liabilities". As of today, the debt of Norwegian citizens is 3.472 NOK billion and unfortunately this trend is growing.
The debt of the Norwegians. Mortgage loan in Norway - are you sure you will get it?
The current situation makes it harder and harder to get mortgage loan in Norway. Banks are becoming more and more strict and more cautious when granting loans to customers. Apartment prices are also falling. The most expensive ones are still waiting for a buyer, as we wrote about in the last article: The most expensive apartment in Oslo - will there be an owner?
Economy in Norway - a phenomenon compared to other EU countries
Many countries are currently struggling with economic problems - the economy in Norway still he's doing quite well though. Oil prices are rising, However, the exchange rate of the koruna has been weakening in recent years.
