Big differences in house price trends across North Zealand. Where does your town rank?

House prices differ by as much as 10%

Brand-new data from Finans Danmark shows huge differences in how prices of detached and terraced houses have developed. If you are about to buy or sell a home, or if you are simply curious to know how prices in your municipality developed from 2018 to 2019, read on below.

Overall, according to new figures from Finans Danmark, prices of detached and terraced houses in the North Zealand region rose by 3,5% from the first quarter of 2018 to the same period in 2019. This means North Zealand is well above the average for the country as a whole, which is 1,24%.

But if you look at the different towns and postcodes in North Zealand, there are big differences between the various areas and postcodes. At their largest, the differences are as much as 10 percentage points.

Brikk’s director, Sebastian Beres, explains:

“Clearly, if you are thinking of selling, it makes sense to sell after a big rise in house prices, while for buyers it makes good sense to buy after a bigger fall, as in Furesø, for example. If you look at the level in Furesø, it is actually almost the same as before the financial crisis, whereas prices in many other areas and postcodes in North Zealand are far higher than before 2009. So, looking at the figures from a statistical point of view, prices can be expected to rise again after a fall of 4% and with a level that is still roughly the same as before 2009.”

Allerød, Egedal and Rudersdal lead the way

Allerød, Egedal and Rudersdal are the towns and postcodes with the biggest rise in prices of detached and terraced houses from 2018 to 2019. In all 3 towns prices have risen by 7%, which is almost 5 times the average rise for the country as a whole

The three towns are closely followed by Halsnæs and Helsingør, which have both seen a 6% rise in prices of detached and terraced houses in the first quarter of 2019 compared with the same quarter last year.

Next comes Frederikssund, where prices rose by 4% from 2018 to 2019.

Furesø and Fredensborg are the only towns with falling prices

Furesø has seen the biggest fall in prices from 2018-2019. In Furesø prices have fallen by 3%.

Apart from Furesø, Fredensborg is the only town in North Zealand to have seen prices of detached and terraced houses fall. Here, prices have fallen by 1%.

A full overview of how detached house prices developed in North Zealand from the 1st quarter of 2018 to the 1st quarter of 2019 can be seen below:

See the analysis for the whole country here

You can also read more in Helsingør Dagblad, which has written about us and prices in North Zealand, here