The real estate output in Norway is forecasted to grow from 511.13 billion NOK in 2024 to 621.61 billion NOK in 2028. In 2023, the actual output stood at 482.53 billion NOK. Year-on-year variations show a steady growth trend: 5.5% from 2023 to 2024, 5.5% from 2024 to 2025, 5.1% from 2025 to 2026, 4.9% from 2026 to 2027, and 4.6% from 2027 to 2028. The compound annual growth rate (CAGR) over the last five years stands at approximately 5.1%.
Future trends to watch for in the Norwegian real estate market include the impact of government housing policies, shifts in population demographics, sustainability initiatives, and the influence of global economic factors. Monitoring these elements closely will provide better insight into the longer-term growth potential of the market.
