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Legal Developments worldwide

The Norwegian real estate market from a legal perspective

October 2010 - Real Estate & Property. Legal Developments by Wikborg Rein.

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Despite the fact that Norway similar to the rest of Europe experienced a relatively volatile real estate market in 2008 and 2009, the volume of transactions has increased substantially throughout 2010.This positive trend also applies to the building construction market, both commercial and residential.

As a result, the volume of restructuring processes, re-negotiations of lease agreements and dispute resolutions are now not as dominant in the field of legal work relating to real estate as expected only a year ago.This has had a positive effect on the overall market development.

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