Norway Investment Market Figures Q3 2025

Activity in the commercial real estate transaction market was somewhat lower in the third quarter of this year compared to last year. With a total volume of NOK 12 billion, this represents a decrease of 0.4 percent from the previous year. For 2025, the transaction volume is estimated at NOK 47 billion, indicating a reduction of 15 percent compared to 2024. 

However, the reduced transaction activity does not apply to all sectors. In particular, we are seeing higher activity in the residential and retail real estate sectors compared to previous years. In contrast, the office and industrial sectors, which have historically accounted for a significant portion of the transaction volume, have experienced a marked decline from last year.