Norway Real Estate News
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Norway Real Estate News |
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| Denies Bursting Bubble in the Real Estate Market |
Norway boasts more billionaires |
Norwegians primal concern is to live, not to make money on real estate. Therefore, the real estate market will not have the bursting effect of a “bubble”, according to forecaster, Bjoern Erik Oeye.
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A new ranking of Norway's richest individuals shows a net addition of 40 billionaires, and a 23 percent jump in their collective wealth. A booming, oil-fuelled economy has helped make the rich richer in Norway. |
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Denies Bursting Bubble in the Real Estate Market
Norwegians primal concern is to live, not to make money on real estate. Therefore, the real estate market will not have the bursting effect of a “bubble”, according to forecaster, Bjoern Erik Oeye. Harald Magnus Andreassen in First Securites identifies a bubble by using 10 chacteristics. So far, he says, Norway only matches seven of them.
Norway boasts more billionaires
A new ranking of Norway's richest individuals shows a net addition of 40 billionaires, and a 23 percent jump in their collective wealth. A booming, oil-fuelled economy has helped make the rich richer in Norway. The average net worth of the country's 400 wealthiest people now amounts to more than NOK 1.8 billion (about USD 322 million), according to magazine Kapital, which compiles the annual list.
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