Selvaag Bolig reports Q3 sales, sees market share gains and future growth

Selvaag Bolig ASA announced total sales of 406 homes valued at NOK 2,689 million year-to-date in 2025, with Q3 contributing 93 gross sales totaling NOK 674 million. Net sales for Q3, accounting for joint ventures, were 85 homes for NOK 600 million, bringing year-to-date net sales to 360 homes worth NOK 2,328 million. chief executive Sverre Molvik noted satisfaction with market share gains in core areas and increased optimism due to recent interest rate cuts.

In Q3, Selvaag Bolig completed 114 homes and delivered 98 to buyers, yet no new construction starts occurred. Year-to-date, net construction starts totaled 354 homes, with 132 completed and 172 delivered. As of September 30, 2025, the company had 1,051 homes under construction and 38 unsold completed homes, alongside 28 sold but undelivered homes. These figures represent a significant increase in homes under construction compared to 700 units on September 30, 2024.

Molvik expressed optimism for future growth, citing expected continued positive market development driven by interest rate cuts and increased purchasing power. Major sales launches are planned for autumn 2025 and the first half of 2026, which are expected to drive strong sales performance. This contrasts with Q3 2024, when gross sales were 116 homes worth NOK 801 million, and year-to-date 2024 gross sales were 505 homes worth NOK 3,243 million.