Business Round-Up: Housing selling prices set 10-year record

Housing selling prices have increased by 1.6 percent over the last month. Meanwhile, people who want to go on rides in some theme parks will first have to use face masks

Daria Shamonova

Jul 8, 2020

Housing selling prices have increased by 1.6 percent over the last month, TV2 reports. As a result, the average square meter price for villas, apartments and cottages has reached a 10-year high.

The trend is due to the increase in housing sales observed earlier this year.

Surprising figures
In the case of apartments, selling prices have grown by 0.9 percent over the past month, and by 3.3 percent compared to last year. The average square meter price for apartments then was 28,712 kroner in June, the highest level in 10 years.

The selling price of holiday houses has also risen, with the average square meter price in June reaching 17,156 kroner.

Birgit Daetz, a housing economist and communications director at Boligsiden, told Politiken that these numbers were a big surprise to economists who expected a downfall in both sales and prices due to the COVID-19 crisis.

Face masks allow more guests to join rides in Djurs Sommerland
The amusement park Djurs Sommerland opened a month ago with restrictions regarding the number of people on rides as it has been allowed to fill only a quarter of places. This has negatively affected the park’s business model, and so the government has allowed Djurs Sommerland to start an experiment with using face masks to go on rides so that more people could join each time, reports DR. The guests are also expected to use disposable masks on the rides, for which they have to pay extra. The park’s director however told DR that Djurs Sommerland does not make any profit from this and tries to set mask prices as low as possible.

Manufacturing index keeps falling
According to DI Business, manufacturing production fell by 3.0 percent in May, which corresponds with the 4.3 percent decline over the last 3 months. In particular, the decline in global demand in the wake of the COVID-19 crisis has thinned corporate order books. As investments have been cut significantly, production has declined.

Corona-infected minks are not to be killed any more
About 20,000 mink have been killed over the past few weeks after the coronavirus was found in three different farms. However, the government has decided that mink breeders no longer have to kill the animals if coronavirus infections are found on their farm, reports DR. Instead, they will have to use protective equipment and impose specific hygiene guidelines for farm visitors. This will then help mink breeders avoid critical business downfalls.