Industry revenue of »rental and operating of own or leased real estate« in Norway 2011-2023
Additionally, the outbreak of the corona virus has not augured well for the sector and market activity is expected to be subdued in the short to medium term, as consumers would look to curtail their discretionary spend. Sales of new homes have already witnessed a 47 percent year-over-year decline in March, as per data from the Norwegian Home Builders Association.