The Norwegian government has announced a reduction in the equity requirement for home loans from 15% to 10%, effective from the new year.

This change aims to make it easier for more people, especially young buyers, to enter the housing market.

Experts predict that this could lead to increased demand and higher housing prices, particularly in Oslo.

Despite concerns from financial regulators about rising debt levels, the move has been welcomed by many as a step towards making home ownership more accessible.

The government emphasizes that banks will still conduct individual assessments, ensuring financial stability while providing more opportunities for home ownership.