The turnover of the real estate market in Norway, expressed in Billion Euros, was 18.50 in 2023. From 2024 onwards, the turnover is projected to steadily increase, reaching 18.82 in 2024, 19.14 in 2025, 19.46 in 2026, 19.77 in 2027, and 20.08 in 2028. The year-on-year variation shows a consistent upward trend with modest yet stable growth:
- 2024 vs 2023: +1.73%
- 2025 vs 2024: +1.70%
- 2026 vs 2025: +1.67%
- 2027 vs 2026: +1.59%
- 2028 vs 2027: +1.57%
The compound annual growth rate (CAGR) over the five-year forecast period from 2024 to 2028 stands at approximately 1.65% per year, indicating a healthy and stable expansion within the sector.
Future trends to watch for include potential macroeconomic impacts such as interest rate fluctuations, regulatory changes, and shifts in consumer behavior influenced by technological advancement and urbanization. Additionally, sustainability and environmental regulations will likely play a significant role in shaping the real estate market's evolution.
