The turnover in the real estate activities sector in Norway is projected to grow steadily from 2024 to 2028. Starting at 213.78 billion NOK in 2024, it is expected to reach 239.56 billion NOK by 2028. This consistent increase translates into an average annual growth rate of approximately 2.9% over this five-year period. In contrast, from 2022 to 2023, the sector experienced a substantial year-on-year increase of 4.0%. From 2023 to 2024, the growth is around 2.85%, indicating a slight deceleration in the growth rate.

Future trends to watch for include:

Potential impacts of changes in interest rates on property investment and development.
The influence of government policies on housing and infrastructure projects.
Trends in urbanization and demographic shifts affecting the demand for real estate.
Technological advancements in property management and smart buildings.
Environmental regulations and sustainability initiatives in real estate development.