Danish holiday home prices hit record high as supply drops below 5,000

The number of holiday homes for sale in Denmark has fallen to a near-historic low, while prices per square metre have reached their highest level since records began, reports Danish broadcaster DR.

As of February, only 4,896 holiday homes were listed for sale nationwide—a drop from 5,866 a year earlier, according to data from property portal Boligsiden. Lise Nytoft Bergman, a housing economist at Nordea Kredit, described the current market as “difficult,” noting that a normal supply level would range between 8,000 and 10,000 properties.

“This is historically low,” Bergman said. “We’ve only seen fewer listings twice before—during the mid-2000s housing bubble and the coronavirus pandemic in 2020–21.”

The scarcity of available properties has driven up demand, pushing the average price per square metre to 24,744 Danish kroner (approximately €3,320) in February 2026—up from 22,756 kroner (€3,050) the previous year. This marks the highest price recorded since Boligsiden began tracking holiday home data in 2011, surpassing even the peak levels seen during the pandemic.

Bergman advised potential buyers to act quickly when opportunities arise. “When you find the right holiday home, you should be ready to make a move,” she said.

Buyers face fierce competition
Rasmus Carstensen, an IT security professional searching for a holiday home in Odsherred, west Zealand, described the market as “against people like me.” Properties sell rapidly, often sparking bidding wars, he explained.

“Thirteen years ago, when I last looked for a holiday home, we had plenty of time. That’s not the case now—you have to act fast,” Carstensen said.

Mikkel Henriksen, a real estate agent with Nybolig in Odsherred, attributed the surge in demand to a broader shift in priorities following recent crises, including the pandemic and energy shortages.

“I think we’re investing in life,” Henriksen said. “Holiday homes have become an asset families feel they need.”

He encouraged owners of underused properties to consider selling, given the high demand and limited supply. “If you have a holiday home you’re not using, now is absolutely the time to list it. There are many buyers and very few properties available.”