In 2023, the wages and salaries of the real estate sector in Norway stood at 1.37 billion Euros. The forecasts indicate a steady growth over the coming years, with values predicted to be 1.38 billion Euros in both 2024 and 2025, and a slight increase to 1.39 billion Euros from 2026 to 2028. The year-on-year variation for 2024 and 2025 shows no increase, signaling stability. However, there's a minor rise in 2026 with a 0.72% growth, which continues uniformly into 2027 and 2028.
Over the last two years, the wage growth showed a modest upward trend, reflecting an average annual increase (CAGR) of approximately 0.36% over the five-year period. This trend represents a stable, albeit slow, growth in wages and salaries in the Norwegian real estate sector.
Future trends to watch for include potential impacts from economic fluctuations, changes in real estate demand, and any regulatory reforms that could affect salary structures. Close attention should be paid to the macroeconomic environment and labor market conditions, which could influence wage trends beyond the forecasted data.
