According to Huseierne, more expensive electricity is only the beginning of rising housing costs in the future. They are asking homeowners to prepare for hard economic times.
Earlier in October, the organization presented a forecast, which shows that in the next few years, housing costs will increase by approx. 30%, reports NRK.
- Mortgage interest rates are a huge cost for many. It is going up and will probably be taller than it is today. We also get higher electricity prices. We felt it this fall. This is Carsten Phil's Consumer and Communications Manager in Huseierne.
More expensive insurance, increased utilities and higher maintenance costs due to a wetter climate will also contribute to rising housing costs. Phil believes this is a signal of danger, as buying a home is not the biggest challenge, but living and staying in it.
Consumer economist Derya Incedursun from Nordea is also concerned and believes that the least earners and families with young children will notice the most.
Rising housing costs
He advises homeowners to renegotiate contracts with banks, insurance companies and electricity suppliers and review their own expenses, while Phil asks politicians to be aware of the consequences of increases in council taxes.
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