Danish house prices hit new national record

Average sale prices for detached and terraced houses in Denmark have for the first time exceeded 20,000 kroner per square metre, according to new figures from Boligsiden reported by DR.

The threshold means a typical 140-square-metre home now sells for around 2.8 million kroner, up from 2.6 million a year ago. Boligsiden, which compiles data from estate agents, notes that prices have risen nearly 6 percent since the start of the year.

Kasper Fredløv Sonberg, Boligsiden’s team leader for data and data quality, calls the pace of change unusual for the housing market.

Meanwhile, apartment prices have dipped in several major cities. In Aarhus they fell 1.2 percent in May and June, in Odense 1.5 percent, and on Frederiksberg in Copenhagen 0.1 percent. Despite the first decline in years, Sonberg says it is too early to tell whether this marks a new trend or a temporary fluctuation.

He notes the drop follows sharp previous increases in Aarhus and points to preliminary transaction data suggesting activity may be easing from exceptionally high levels. Nationally, apartment prices still rose in the same period, including a 2.3 percent gain in Aalborg.