Norwegian oil fund to take huge bet on real estate

[Nicholas Wallwork]

We have covered the recent change in investment policy by the Norwegian oil fund towards real estate but it seems that managers have more changes in mind. It is being reported that plans are afoot to increase property operations staff from 104 up to 200 by 2017. This will accompany an additional $16 billion worth

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While the oil price continues to languish let's not forget we have been here before although granted the situation is a little different today with oversupply and fracking having an impact. Will this general shift into real estate by major sovereign funds around the world push prices to uncomfortable levels?