– We must avoid a generation gap where today’s young people experience being left out of the housing market. We agree with Norges Bank that the current equity requirement is too strict, and believe we can give more people the opportunity to buy their own home by lowering the requirement from 15 to 10 per cent, says Solberg together with Høyre’s deputy leader and fiscal policy spokesperson Tina Bru to NTB.
NRK wrote about the case first, and to the state channel, the Consumer Council’s director Inger Lise Blyverket tells that she fears a cut in the equity requirement will only drive prices up.
– Those who already today have good management skills and parents in the back of their hands, get even greater opportunities to buy apartments, and contribute to increasing the price of housing, she says.
Conservative politicians say that a cut in the equity requirement is unlikely to be the solution to everything, and emphasize that the pressure on the housing market is mainly due to far more buyers than there are homes for sale. The Conservative Party hopes that a lower requirement for equity capital can help more people enter the housing market.
On the other side of the Storting hall sits the Labor Party, and their leader of the Storting’s finance committee, Tuva Moflag, does not rule out lowering the requirement.
– Both the equity requirement, but also the requirement for freedom of installments are elements that it may be natural to look into more closely now, completely in line with what Norges Bank and others point to, says Moflag to NRK.
#Conservative #Party #equity #requirement #mortgages
2024-10-06 18:15:09
