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Housing & livingNorway

House price growth in Norway

Are homes there getting further out of reach right now?

Norway's house price growth is 0.52 % #19 of 54 countries on the atlas (lower is better). Period 2026-Q1.

0.52%

Checked 22 Sept 2026Period 2026-Q1

Source: BIS residential property prices

Real house prices in Norway rose 0.5 % over the past year — beyond general inflation.

House price growth in Norway over time

15.26 %2.57 %-10.11 %15.26 % · Q1 2007-10.11 % · Q4 2008Q2 2006: 9.99 %Q3 2006: 12.72 %Q4 2006: 13.77 %Q1 2007: 15.26 %Q2 2007: 14.77 %Q3 2007: 11.20 %Q4 2007: 6.09 %Q1 2008: 0.09 %Q2 2008: -1.96 %Q3 2008: -6.53 %Q4 2008: -10.11 %Q1 2009: -7.45 %Q2 2009: -4.54 %Q3 2009: 1.99 %Q4 2009: 10.06 %Q1 2010: 7.53 %Q2 2010: 6.40 %Q3 2010: 4.72 %Q4 2010: 4.13 %Q1 2011: 6.95 %Q2 2011: 5.84 %Q3 2011: 6.71 %Q4 2011: 6.98 %Q1 2012: 5.42 %Q2 2012: 6.44 %Q3 2012: 6.65 %Q4 2012: 5.67 %Q1 2013: 4.99 %Q2 2013: 3.67 %Q3 2013: 0.13 %Q4 2013: -1.24 %Q1 2014: -1.81 %Q2 2014: -0.43 %Q3 2014: 1.30 %Q4 2014: 3.64 %Q1 2015: 5.21 %Q2 2015: 4.26 %Q3 2015: 4.04 %Q4 2015: 1.97 %Q1 2016: 1.38 %Q2 2016: 2.00 %Q3 2016: 3.73 %Q4 2016: 6.32 %Q1 2017: 7.32 %Q2 2017: 4.63 %Q3 2017: 0.92 %Q4 2017: -0.57 %Q1 2018: -3.02 %Q2 2018: -0.63 %Q3 2018: -0.29 %Q4 2018: -1.07 %Q1 2019: 0.07 %Q2 2019: -0.52 %Q3 2019: 0.70 %Q4 2019: 0.97 %Q1 2020: 0.69 %Q2 2020: 1.60 %Q3 2020: 3.30 %Q4 2020: 6.15 %Q1 2021: 8.02 %Q2 2021: 9.29 %Q3 2021: 6.70 %Q4 2021: 3.20 %Q1 2022: 3.22 %Q2 2022: 0.46 %Q3 2022: -1.73 %Q4 2022: -3.78 %Q1 2023: -6.26 %Q2 2023: -6.18 %Q3 2023: -5.54 %Q4 2023: -4.99 %Q1 2024: -3.07 %Q2 2024: -1.52 %Q3 2024: 0.42 %Q4 2024: 2.34 %Q1 2025: 3.58 %Q2 2025: 1.64 %Q3 2025: 1.52 %Q4 2025: 2.79 %Q1 2026: 0.52 %Q2 2006Q1 2016Q1 20260.52 %
80 official observations, Q2 2006Q1 2026. Every point is a published value — never interpolated.
Rank
#19 of 54
lower is better
Ranked behind
65 %
35 of 54 countries
Latest move
▼ 2.27 pp
since Q4 2025
Year on year
▼ 3.06 pp
over 12 months
Below its peak
14.74 pp
peak 15.26 % in Q1 2007
Full series
▼ 9.47 pp
since Q2 2006

In Europe: #7 of 31vs median 2.49 %: −1.97 pp (better)

Among 54 countries

2 of 54 countries between -6.81 % and -6.11 %1 of 54 countries between -4.01 % and -3.31 %4 of 54 countries between -3.31 % and -2.62 %3 of 54 countries between -2.62 % and -1.92 %2 of 54 countries between -1.92 % and -1.22 %2 of 54 countries between -1.22 % and -0.52 %3 of 54 countries between -0.52 % and 0.18 %5 of 54 countries between 0.18 % and 0.88 %3 of 54 countries between 1.58 % and 2.28 %5 of 54 countries between 2.28 % and 2.97 %2 of 54 countries between 2.97 % and 3.67 %3 of 54 countries between 3.67 % and 4.37 %2 of 54 countries between 4.37 % and 5.07 %2 of 54 countries between 5.07 % and 5.77 %1 of 54 countries between 5.77 % and 6.47 %3 of 54 countries between 6.47 % and 7.17 %4 of 54 countries between 7.17 % and 7.86 %2 of 54 countries between 7.86 % and 8.56 %5 of 54 countries between 9.26 % and 9.96 %median 2.40 %Norway: ahead of 65 % of the 54 countries with a published house price growthNorway 0.52 %-6.81 %9.96 %
Half of all 54 countries sit between -0.52 % and 6.20 %. Norway is ahead of 65 % of them. Axis trimmed to the 2nd–98th percentile; 3 values beyond it sit in the end bars.

The neighbourhood

#CountryHouse price growthvs Norway
17 Malaysia0.12 %−0.40 pp
18 Brazil0.18 %−0.34 pp
19 Norway0.52 %
20 Belgium0.59 %+0.07 pp
21 Sweden0.69 %+0.17 pp

Real year-on-year change in residential property prices (BIS). Framed for buyers — slower growth is greener; homeowners may read it the other way.

How to read this figure

Real year-on-year change in residential property prices from the BIS — inflation-adjusted, so it shows whether homes beat or trailed prices in general. Base-independent, which is what makes ~60 countries honestly comparable in one ranking. The colour scale takes the buyer’s side (slower growth = greener); an existing owner may read it the opposite way.

Next, about Norway

House price growth since 2015Mortgage rates
House price growth, all countries ranked →Compare Norway with another country →Everything about Norway
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