Private debt and housing prices are main financial challenges in Norway
Rising commercial property prices also a potential threat to financial stability, central bank says
The higher levels of private debt and rising house prices are the main challenges to financial stability in Norway, Norges Bank says in its annual financial stability report.
The central bank adds that commercial property prices have also increased from already high prices over the last year. “Nearly half of banks’ exposures to Norwegian corporates are to commercial real estate. Losses on commercial property loans have been low in normal times, but high during crises, both in Norway and other
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