House prices are stabilising

19.06.2022 - 07:15
House prices are stabilising
The housing market is gaining momentum after months of high uncertainty

Property sales went down significantly at the start of this year due to Covid restrictions and the war in Ukraine.

This period was marked by a high degree of uncertainty, but the market is now starting to pick up momentum, according to Kára á Dunga, CEO of real estate firm Betri Heim.

 >> SEE ALSO Flats now more popular than houses

“Buyers and mortgage providers are more cautious now compared to the peak of the market, but confidence is slowly returning,” she says.

“The sharp rise in house prices that we have been seeing in recent years appears to be stabilising now.”

Real estate firm Skyn reports similar trends.


Read the Faroese version of this article here.

More Faroese News in English.

Er kopiera
Nýggjastu sendingar í ÚV
Leygardag 3. juni
Brunsj við Mariann Mikkelsen
Leygardag 3. juni
Jambalaja 030623
Leygardag 3. juni
Morgunlestur leygardagur 3. juni 2023
Leygardag 3. juni
Upp á tá LIVE í Runavík
Nýggjastu sendingar í SV