Norway raises mortgage loan limit to 90%, aiming to boost home construction and affordability.

Norway has increased its loan-to-value mortgage limit from 85% to 90%, allowing borrowers to need only 10% equity upfront instead of 15%. Finance Minister Trygve Slagsvold Vedum stated the change aims to boost new home construction and make it easier for people to enter the housing market. The original restriction, implemented in 2015, was meant to prevent a housing bubble and protect the economy.

4 months ago
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