Norway house prices up 1.4 pct in July from June

Norwegian house prices rose for the fourth consecutive month in July, with seasonally-adjusted prices up 1.4 percent from June, real estate industry associations reported on Monday.

On a year-on-year basis, prices rose 3.1 percent in July, the Association of real estate agents (NEF) and the Association of real estate agency firms (NFF) said.

Unadjusted prices rose 0.1 percent in July from June.

The associations forecast in July housing prices to stay flat in 2009, up from an earlier forecast of a 10 percent drop given in January.

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