After stagnating over the past two years, the number of Danes relocating across the Øresund Strait to Scania is once again on the rise.
In the first three quarters of 2016, far more people have moved from the Capital Region and Zealand Region to Scania, compared to the same period in 2015. A hike in housing prices in Denmark has been given as a primary reason.
“Housing prices are higher nationwide compared to a year ago,” said Ane Arnth Jensen, the head of the Danish association for mortgage banks, Realkreditrådet.
“And nationally, the asking price for a home is at its highest for nearly seven years. Housing prices have increased the most in east Zealand, where asking prices are 8 percent higher than a year ago.”
Fewer going other way
During the first three quarters of 2016, 1,070 people from the Capital and Zealand regions moved to Scania – an increase of 20.6 percent compared to the same period last year.
Meanwhile, fewer people are making the move from Scania to east Denmark. During the first three quarters of 2016, 1,455 people made the move – a 7.7 percent fall compared to the same period in 2015 and the lowest figure since 2007.
The near record-high housing prices in Copenhagen have been reflected in the average sqm prices rising to 35,035 kroner for apartments and 30,413 kroner for houses.