06.01.202610:00:00UTC+00Norway's Housing Market Cools as Growth Slows to 5% in December

The Norwegian housing market experienced a noticeable slowdown in growth as the House Price Index for December 2025 dropped to 5.00%, a decline from the 6.20% recorded in November 2025. This data, released on January 6, 2026, highlights the increasingly tempered pace of price increases in the country's real estate sector year-over-year.

Experts point out that the year-on-year moderation reflects broader market adjustments and hints at a stabilization following several months of robust price hikes. December’s figure marks a significant shift as the housing market attempts to calibrate in response to both domestic and international economic factors that had previously driven prices upwards.

The data gathering and reporting periods suggest a lingering effect from earlier in the year where demand outstripped supply, which is now seemingly balancing out. As Norwegians adjust to these changes, stakeholders will undoubtedly be watching for further developments in January to determine if this cooling trend will continue into 2026.