News

Housing prices plummeted in October

At this rate, they will soon fall below pre-pandemic levels

Loïc Padovani

Housing prices are plummeting at the same pace they rose during the Corona Crisis.

“In the autumn of 2020, the demand for both houses and apartments had really started to increase, and buyers in many places were almost in line to buy a home,” housing economist Birgit Daetz told Boligsiden.

“This created fertile ground for the significantly increasing sales prices, which we especially saw in the spring of 2021. Now we have the exact opposite situation,”

Lower than this time last year
The Danish housing market is experiencing its steepest downturn since 2011.

House prices fell by a whopping 1.6 percent in October and apartment prices by 2 percent to the extent that housing is already cheaper than it was this time last year.

For example, in October 2021, the average house cost 17,329 kroner per sqm and apartment 34,431. Today, they cost 17,098 and 33,335 respectively. At this rate, prices will soon fall to pre-pandemic levels.

TOP STORIES

  • Gangs of Copenhagen

    Gangs of Copenhagen

    While Copenhagen is rated one of the safest cities in the world year after year, it is no stranger to organized crime, which often springs from highly professional syndicates operating from the shadows of the capital. These are the most important criminal groups active in the city

  • “The Danish underworld is now more tied to Scandinavia”

    “The Danish underworld is now more tied to Scandinavia”

    Carsten Norton is the author of several books about crime and gangs in Denmark, a journalist, and a crime specialist for Danish media such as TV 2 and Ekstra Bladet.

  • Right wing parties want nuclear power in Denmark

    Right wing parties want nuclear power in Denmark

    For 40 years, there has been a ban on nuclear power in Denmark. This may change after all right-wing parties in the Danish Parliament have expressed a desire to remove the ban.

  • Tunø: An island running out of time

    Tunø: An island running out of time

    The island of Tunø harbors a community of 74 adults and one child. There are no cars and only one connection to the rest of the world. Now, climate change threatens it

  • Cross-border moves on the rise in the Øresund region

    Cross-border moves on the rise in the Øresund region

    The number of relocations across the Øresund Region is rising. As highlighted by 2023 numbers, Sweden benefits from a growing interest, especially among younger generations.

  • In conversation with Conrad Molden: The man behind the mic

    In conversation with Conrad Molden: The man behind the mic

    He’s tickled our funny bone with countless wisecracks and clever wordplay, and in the process, made Denmark feel a little more personable to many expats. An international import himself, funny man Conrad Molden has successfully carved out a niche for himself on the Danish stand-up scene, but it’s taken a solid 13 years, much trial and error, and heaps of Danglish

Connect club

Connect Club is your gateway to a vibrant programme of events and an international community in Denmark.

Sign up here

Career

Want to advertise your job with CPH Post?

Contact us

Jobs