Housing Index in Norway decreased to 356.79 points in October from 358.29 points in September of 2025. This dataset provides the latest reported value for - Norway House Price Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In 2023, the Norway Real Estate Market reached a value of USD 64.8 million, and it is projected to surge to USD 84.7 million by 2030.

Oslo was the Norwegian city with the most expensive apartments and houses in 2024. In March that year, the average price per residential property in the Norwegian capital was approximately *** million Norwegian kroner. The city above the polar circle, Tromsø ranked second, with housing units costing on average nearly *** million Norwegian kroner. In 2019, there were over nine thousand dwellings sold in Norway. Housing types The largest share of Norwegian residential housing units in 2023 were detached houses, accounting for nearly half of the total housing market in the country. Moreover, a quarter of all occupied and vacant dwellings that year were blocks of flats and over one fifth were houses with two dwellings or row houses. Where are properties the most expensive? Within selected global property markets, Hong Kong had the most expensive housing prices in 2020. An average property would cost roughly **** million U.S. dollars in the former British colony. Munich ranked second, where the average property price amounted to roughly *********** U.S dollars.

Average House Prices in Norway decreased to 4873238 NOK in October from 4993572 NOK in September of 2025. This dataset includes a chart with historical data for Norway Average House Prices.

The Scandinavian real estate market, encompassing countries like Sweden, Norway, Denmark, Finland, and Iceland, exhibits robust growth potential, fueled by a combination of factors. A consistently strong CAGR exceeding 5% indicates a healthy and expanding market. Key drivers include increasing urbanization, a growing population, particularly in major cities like Oslo, Stockholm, and Copenhagen, and a sustained demand for both residential and commercial properties. Furthermore, government policies supporting sustainable development and infrastructure projects contribute to the market's positive trajectory. The market is segmented into villas and landed houses, which often command higher prices due to limited supply and desirable locations, and apartments and condominiums, catering to a broader range of buyers and representing a larger portion of the market. The dominance of established players like Riksbyggen, OBOS BBL, and Balder highlights the market's maturity, yet the presence of smaller, more agile companies signifies ongoing competition and innovation. While data on exact market size is unavailable, a conservative estimation placing the 2025 market value at approximately €150 Billion ( based on general European real estate market values and applying the provided CAGR) seems plausible. Further growth is expected, driven by continued economic stability and ongoing investment in the region's infrastructure. Looking forward, the Scandinavian real estate market is expected to face some challenges, including rising interest rates impacting affordability, and potential fluctuations in the global economy. However, the strong underlying fundamentals of population growth, limited land availability in desirable urban areas, and continued investment in infrastructure suggest resilience and continued expansion. The market's diversity, with a mix of large established companies and smaller players, ensures a competitive landscape and capacity for adaptation. Trends toward sustainable construction and smart homes will likely play an increasingly significant role in shaping the future of the market, with companies prioritizing environmentally friendly practices and technologically advanced properties. Segmentation within the market will continue to be relevant, with the demand for specific property types varying across regions and based on changing demographic needs. Key drivers for this market are: 4., Increasing manufacturing sites4.; The increasing middle-income group and access to mortgage finance. Potential restraints include: 4., Rising cost of construction materials.. Notable trends are: Growing Housing Market in Norway to Drive the Market.

The investments in the industrial and logistic real estate sector in Norway halved in 2022, after peaking in 2021. In 2022, a total of *** billion euros were invested in warehouses over ***** square meters in Norway. Compared to other European countries, Norway ranked alongside the Netherlands and Poland.

Comprehensive real estate market data and investment metrics for Norway

The house prices of all house types in Norway increased steadily between 2009 and 2022, followed by a slight decline in 2023. Unlike houses, prices for multi-dwellings did not fall in 2023. Multi-dwelling were also the property type that experienced the strongest growth. At ***** index points, the index for multi-dwelling properties suggests an increase of ** percent since 2015 - the baseline year. How much did Norwegians pay for dwellings in 2021? Oslo appeared to be the most expensive city by dwelling prices that year, followed by Tromsø and Bergen.  Number of residential buildings The number of residential buildings in Norway constantly increased during the past decade, peaking in 2023. There were nearly *** million residences in the country. That was an increase of over 100 thousand units, compared to 2010. More than half of Norwegians lived in detached houses The share of residents by housing type was distributed unevenly in Norway in 2023. Approximately ** percent of Norwegian citizens lived in detached houses, whereas ** percent lived in multi-dwelling buildings. The least common housing type was houses with two dwellings that year.

Scandinavian Residential Real Estate Market is Segmented by Property Type (Apartments & Condominiums, and Villas & Landed Houses), by Price Band (Affordable, Mid-Market, and Luxury), by Business Model (Sales and Rental), by Mode of Sale ( Primary (New-Build) and Secondary (Existing-Home Resale)), and by Country (Norway, Sweden, and Denmark). The Market Forecasts are Provided in Terms of Value (USD).

Norway Real Estate Software Market is expected to grow during 2025-2031

The Scandinavian commercial property market, encompassing Denmark, Norway, and Sweden, presents a dynamic investment landscape characterized by a robust 7.41% CAGR (2019-2033). Key drivers include strong economic performance in the Nordic region, increasing urbanization leading to higher demand for office, retail, and residential spaces, and a growing logistics sector fueled by e-commerce expansion. Significant investment in sustainable and technologically advanced buildings further contributes to market growth. While the market enjoys considerable strength, potential restraints include fluctuations in global economic conditions, increasing construction costs, and potential regulatory changes affecting property development. The market is segmented by property type (offices, retail, industrial, logistics, multi-family, hospitality) and geography (Denmark, Norway, Sweden, with key cities like Oslo, Stockholm, and Copenhagen exhibiting high activity). Major players include developers like Vasakronan AB, Jeudan A/S, Citycon, and NREP (Logicenters), alongside significant real estate agencies such as CBRE, Europages, and Colliers International. The presence of smaller, innovative companies and startups also adds dynamism to the sector. The regional breakdown reveals that while the Nordics are the core market, international investment continues to play a role. The high CAGR suggests that the market will continue its upward trajectory, although potential economic downturns could moderate growth in specific years. Analysis of individual cities within each country is crucial for a granular understanding of market opportunities and risks. For example, Oslo's burgeoning tech scene might drive higher office demand, while Stockholm’s strong retail sector could impact shopping center valuations. Investors should carefully assess the specific sub-markets within the broader Scandinavian commercial property landscape to identify the most promising investment opportunities and effectively manage associated risks. A focus on sustainability and technological integration will likely be critical for success in this evolving market. Notable trends are: Increase in Transaction Volume in the Office Market of Scandinavian Countries.

The house price index of Norway decreased sharply in the second half of 2021 and 2022, after rising in the previous year. In the first quarter of 2023, house prices decreased nominally for the first time since 2017. When accounting for inflation, the decrease was about *** percent.

The Scandinavian Commercial Real Estate Market Report is Segmented by Property Type (Offices, Retail and More), by Business Model (Rental and Sales), by End User (Individuals / Households and More) and by Country (Denmark, Norway and More). The Report Offers Market Size and Forecasts in Value (USD) for all the Above Segments.

Scandinavian Residential Real Estate Market valued at USD 28 billion, driven by urbanization, sustainable housing, and low-interest rates in Sweden, Norway, Denmark.

Scandinavian Countries Residential Real Estate Market size was valued at USD 10.12 Trillion in 2024 and is projected to reach USD 14.95 Trillion by 2032, growing at a CAGR of 5% from 2026 to 2032.

Scandinavian Countries Residential Real Estate Market: Definition/Overview

Scandinavian countries, such as Sweden, Denmark, and Norway, are noted for their high standard of living and sustainable urban development, which have a significant impact on residential real estate. The market in these countries is defined by a mix of modern, eco-friendly homes and historic residences, with an increasing emphasis on energy-efficient designs and smart homes. Stable economies, a solid social welfare system, and a growing middle class all contribute to the demand for residential real estate in cities such as Stockholm, Copenhagen, and Oslo, making it an appealing location for both natives and expatriates.

The Europe Residential Real Estate Market is Segmented by Property Type (Apartments & Condominiums and Villas & Landed Houses), Price Band (Affordable, Mid-Market and Luxury), Mode of Sale (Primary and Secondary), Business Model (Sales and Rental) and Country (Germany, United Kingdom, France, Spain, Italy, Netherlands, Sweden, Denmark, Norway and Rest of Europe). The Market Forecasts are Provided in Terms of Value (USD).

The European luxury residential real estate market is experiencing robust growth, driven by several key factors. A consistently strong performance over the past several years (2019-2024) with a Compound Annual Growth Rate (CAGR) exceeding 4% indicates a healthy and expanding sector. This growth is fueled by increasing high-net-worth individual (HNWI) populations across major European economies, particularly in the United Kingdom, Germany, France, and Spain. Demand is further bolstered by a desire for larger, more luxurious properties, often in prime locations with access to amenities and cultural attractions. The market segments are primarily comprised of villas/landed houses and condominiums/apartments, with villas commanding a premium price point in many areas. While economic uncertainties and potential interest rate hikes pose some restraints, the underlying demand for luxury properties remains strong, particularly in established luxury markets like London, Paris, and other significant European cities. The resilience of this market is evident in its sustained growth trajectory, making it an attractive sector for both investors and developers. The competitive landscape is shaped by a mix of international and regional players. Established firms such as Sotheby's International Realty, Mansion Global, and Barnes International Realty, alongside regional players like Haussmann Real Estate (France) and Rodgaard Ejendomme (Denmark), are key contributors to market activity. These companies leverage extensive networks and brand recognition to cater to discerning clients. While precise market size for 2025 isn't provided, a reasonable estimate, considering the CAGR and historical performance, suggests a market value in the tens of billions of Euros. Looking forward, the forecast period (2025-2033) is expected to witness continued expansion fueled by sustained HNWI wealth growth and a persistent preference for prime residential real estate as a safe and appreciating asset class. However, factors like geopolitical instability and fluctuating currency exchange rates could influence growth patterns. The overall trend suggests a positive outlook for the European luxury residential real estate market in the long term, with sustained growth expected throughout the forecast period. Recent developments include: August 2022: Slate Asset Management, a global alternative investment platform that focuses on real assets, stated that it had paid more than NOK 1.5 billion (USD 0.15 billion) for a portfolio of 36 key real estate properties in Norway. Following closely on the heels of the company's initial two portfolio purchases in the area in December 2021 and March 2022, this deal increases Slate's presence in Norway to a total of 63 critical real estate assets., January 2022: Instone Real Estate, one of the leading residential developers in Germany, continued its successful cooperation with LEG with the sale of around 330 apartments. The transaction includes 96 privately financed rental apartments on the west side site in Bonn-Endenich. In addition, a further 236 rental apartments in the Literature Quarter in Essen - 52 of which are publicly funded and 184 privately financed - are part of the apartment package that LEG Solution acquired as part of a forward deal for the existing LEG companies.. Notable trends are: Largest Real Estate Companies in Europe.

The number of existing non-residential buildings in Norway increased constantly in the period between 2010 and 2024. In 2024, there were over *********** non-residential buildings existing in Norway.

Norway Earnings Index: Monthly Avg: Real Estate, Professional, Scientific and Technical Activities: Advertising and Market Research data was reported at 104.000 1Q2016=100 in Sep 2018. This records a decrease from the previous number of 106.300 1Q2016=100 for Jun 2018. Norway Earnings Index: Monthly Avg: Real Estate, Professional, Scientific and Technical Activities: Advertising and Market Research data is updated quarterly, averaging 103.000 1Q2016=100 from Mar 2016 (Median) to Sep 2018, with 11 observations. The data reached an all-time high of 106.300 1Q2016=100 in Jun 2018 and a record low of 99.300 1Q2016=100 in Dec 2016. Norway Earnings Index: Monthly Avg: Real Estate, Professional, Scientific and Technical Activities: Advertising and Market Research data remains active status in CEIC and is reported by Statistics Norway. The data is categorized under Global Database’s Norway – Table NO.G024: Earnings Index: Monthly Average: Q1 2016=100.

The House Price Index YoY in Norway measures the annual percentage change in residential property prices, reflecting trends in the housing market.-2025-01-06