Monday, January 17

The cottage market reaches new heights

The record of 14,589 holiday homes, which was set last year, was passed just before Christmas Eve, writes Today’s business.

– Although it is not a big record, the cottage market is still at a sky-high level compared to before the pandemic, both in terms of number of sales and price level, says senior analyst Carl Christian Mathiesen in the Forecast Center.

On average, a cabin costs NOK 2.48 million this year, an increase of 7.4 percent. The price per square meter is on average NOK 33,500, which is an increase of 9.3 per cent from last year.

– The price increase in the cottage market can both be explained and argued with the increased demand for combination housing, where we can combine work and leisure. Home offices have probably come to be too many, and this increased demand provides fertile ground for price growth, says Mathisen.

In the coming years, the Forecast Center believes in a slight decline in the number of sales, as well as a zero growth in prices, but the pandemic makes the forecasts uncertain.

(©NTB)

Reference-www.tv2.no

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