The household expenditure on housing rentals in Norway is forecasted to decline steadily from €5.06 billion in 2024 to €4.27 billion in 2028. In 2023, the actual expenditure stood at €5.26 billion, marking a significant downward trend. Year-on-year variations reveal decreases of approximately 4% per year from 2024 to 2025 and similarly across subsequent years, maintaining a consistent downward trajectory. Over the next five years, the Compound Annual Growth Rate (CAGR) depicts an average yearly reduction of approximately 4% in household expenditure on housing rentals.
Future trends to watch for include potential economic factors impacting household income, changes in housing market regulations, and shifts in supply and demand dynamics in the rental market. Monitoring these elements will provide deeper insights into this declining trend and potential adjustments in forecasts.
