The real estate market is often closed and intransparent, with a select group of players who can act in various capacities. That makes the sector vulnerable and exposed to dubious practices. Seeing this as a serious concern, DNB has asked the sector to establish a robust framework of control measures.
The MB’s decision was based on its assessment that the inflation outlook continues to be manageable, with easing price pressures owing to the decline in food prices amid improved supply conditions.