However, brokers firmly oppose the plan. Potential property buyer Anwar Achour, who was at an open house in Oslo yesterday, said he didn't want to see new state regulation of the bidding process. Newspaper Aftenposten reported Wednesday that finance ministry officials want to impose a mandatory pause in the bidding process that would give both buyers and sellers more time to evaluate a sale or purchase.

That puts pressure on sellers to make snap decisions, and also pressures other potential buyers into placing high bids on properties to help secure a purchase.

By M. Sese
http://realestatepress.org