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Thursday, 13 October 2016

The Flight To (Un)Real Assets in Oslo, Norway

This Is What Happens When Authorities Promise Inflation to Eternity and Fire Up Demand With Historic Low Interest Rates & Aggressive Loan Growth: House prices in Oslo are now 92% higher than 10 years ago. During last year alone prices surged 17.9%, a y/y increase last seen in 2007. 

As one investor tweeted a few days back: "... natural to compare with ... London and Singapore. No, Oslo is not a world centre for trade. Hello!" 

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