Norway Real Estate Tenders

The Norwegian real estate market is the 8th largest in Europe, with a total value of NOK 14,000 billion (US$1,400 billion). The market is dominated by residential properties, which account for 80% of the total value.
The average price per square meter for an apartment in Norway is NOK 50,000 (US$5,000). The average rent per square meter for an apartment is NOK 1,500 (US$150).
The real estate market is expected to grow by 5% in 2023. The growth will be driven by low interest rates, a strong economy, and a growing population.

The Norwegian government is a major player in the real estate market, procuring a wide range of properties for its own use. In 2022, the government spent NOK 50 billion (US$5 billion) on real estate procurement.

The main real estate products and services procured by the government include:
Office buildings
Courthouses
Prisons
Hospitals
Schools
Military bases

The top authorities for Norway real estate procurement are:
The Norwegian Ministry of Finance
The Norwegian Ministry of Justice and Public Security
The Norwegian Ministry of Education and Research
The Norwegian Ministry of Defense

The top winners of Norway real estate procurement in 2022 were:
Skanska
Veidekke
AF Gruppen
NCC
Peab

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