House prices in 2027: what will your dream home cost?

The house price forecast for 2027 paints a clear picture: prices of Danish homes are expected to keep rising throughout the year, but at a markedly slower pace than the sharp increases of recent years.

The consensus estimate among banks and mortgage-credit institutions points to house price rises of around +3,2 % in 2027, after +5,2 % in 2026. Although the pace is being revised down, it does not mean the market is turning downwards. All the institutions expect slowing price rises from 2027, mainly because construction activity is expected to increase, not because demand is falling. This is a normalisation, not a correction.

To make the figures concrete, here is what an average house and an average owner-occupied flat are expected to cost through 2027:

As the figures show, flat prices rise slightly more than house prices in kroner terms, even though both types of home are moving in the same upward direction. Whether you end up above or below these averages, however, depends largely on where in the country you look and exactly what type of home you have in mind.

What will a house cost in 2027? House prices nationwide and local differences

What a house will cost in 2027 can be answered briefly at national level: more than today. But the exact figure depends on which forecast you rely on and where in the country the house is located.

The five leading institutions do not quite agree on how much house prices will rise in 2027. Here are their expectations for house price rises next year at a glance:

The range thus lies somewhere between +2,5 % and +3,8 %, depending on whom you ask. What all five have in common is that none of them expects falling house prices in 2027. The difference is about the pace of the rise, not the direction.

Local differences make a big difference

The national average, however, hides considerable geographical differences. In the second quarter of 2025, the average price for houses nationwide was 17.975 kr. per m², but that says little about what your particular home costs. If you want to make your own rough estimate, you can instead find the local price per square metre for your area and multiply it by the size of the house. If you then add the expected increase on top, you have a useful starting point.

A 130 m² detached house in Horsens is valued today at around 1.950.000 kr., equivalent to about 15.000 kr. per m². With a rise of 4,9 % in 2026 it reaches around 2.045.550 kr., and if house prices follow the same trend over the following years, the development points towards about 2.160.000 kr. over three years. This is of course only an example, but it shows how even moderate annual rises add up.

Wherever in the country you look, you can therefore expect house prices in 2027 to be higher than today. The question is just how much higher they will be exactly where you live.

What will a flat cost in 2027? How price rises hit the big cities

Flat prices in 2027 point the same way as house prices: upwards, but with clear differences between the cities. Copenhagen stands out markedly from the rest of the country, and it is precisely the Copenhagen housing market that is the most volatile in the forecasts.

Owner-occupied flats in Copenhagen have already been through an exceptional period. Nykredit Markets puts the rise at around +25 % over the past year and +45 % over two years, while Boligsiden measures +15 % for the past year. Whichever measure you rely on, these are increases far beyond what wages have kept pace with.

What the forecasts for 2027 look like

Note that Copenhagen actually has the lowest expected rise in 2027 despite being the most expensive and most pressured market. That is not because the market is collapsing. On the contrary: the low percentage must be seen in the light of an extraordinary 2026, when prices in Copenhagen rose by as much as +17,4 %. When you start from such a high level, there is simply less room left to run.

A concrete example from Copenhagen

A 100 m² owner-occupied flat in Copenhagen is valued today at around 6.845.300 kr., equivalent to about 68.453 kr. per m². With Nykredit's expected +17,4 % for 2026 it will reach about 8.036.382 kr., before the 2027 forecast is even added on top.

It is important that you do not double-count the large 2026 rise when planning your purchase or sale in 2027. The +3,1 % that Nykredit expects for Copenhagen next year is calculated on top of the already elevated price level from 2026. It is not an extra rise on top of the historical development.

Exactly what a flat costs in 2027 ultimately depends on which city, and not least which exact location, you have in your sights.

Holiday homes in 2027: how prices are developing

Holiday homes are expected to rise more slowly than both detached houses and owner-occupied flats in 2027, but still in a positive direction. When you look at future house prices in Denmark, the holiday home market differs from the rest of the housing market.

Nationally, Nykredit Markets expects a rise of +2,1 % for holiday homes in 2027 and +2,2 % in 2028. Nordea Kredit is slightly more optimistic and expects +3,4 % in 2027. Both institutions are thus below the expected house price rises of +3,0 % to +3,8 %, which makes holiday homes the most subdued segment in the forecasts.

To make the development concrete, you can follow the price of an average 80 m² holiday home through the period. At the start of 2026 the price was 1.861.000 kr., and at the start of 2027 it had risen to 1.931.000 kr. By the end of 2027 the price is expected to be 1.995.000 kr. The rise during 2027 itself is thus 64.000 kr., which is slightly less than the 70.000 kr. the home rose by the year before.

The continuing upward trend is linked to supply. The supply of holiday homes is still markedly lower than before the pandemic, and the low supply helps keep prices up even though demand has eased from the extraordinary level of the Covid years. Unless significantly more holiday homes come onto the market, you can expect prices to continue on the same steady, upward track.

House price trends in Denmark: what drives prices, and what could topple them

House price trends in Denmark going into 2027 are not just a matter of what the forecasts say. The figures are shaped by a combination of supply, tax policy and warnings from the authorities, and to understand why prices move as they do, you need to know the forces pulling in different directions.

What pushes prices up

On the supply side the picture is unambiguous. The number of houses for sale has fallen by 18 % over the past year, and the supply of flats in Copenhagen is, according to Danske Bank, the lowest ever measured. When there are so few homes to choose from and demand is still there, it is hard to see what would push prices down on that basis alone.

At the same time, purchasing power has grown. The tax cuts in 2026, when the employment allowance was raised and a new middle tax of 7,5 % effectively halved the top tax in the bracket from 640.000 to 780.000 kr., put more money in the pockets of Danish households. According to Nationalbanken, the increased real income is a primary driver of house price rises into 2027. More money available means more people can bid higher, and more people can get into the market at all.

What could topple them

On the other side are the warnings from those whose job it is to watch the market. Finanstilsynet (the Danish Financial Supervisory Authority) describes the risk of a sharp fall in house prices in Copenhagen as high and warns of an unhealthy trend in which the housing cost burden in the capital is higher than in the rest of the country. Nationalbanken points in the same direction and highlights the risk of a price bubble that could spread to other parts of the market if Copenhagen prices correct abruptly.

In addition, higher property taxes are coming in 2027 and 2028. Valuations are adjusted on the basis of price developments from 2024 to 2026, and because prices have just risen sharply, taxes follow. There is an important detail to be aware of here, though: new buyers pay full property tax from day one, while existing owners have the option of deferring the tax. In practice this means the financial burden of the higher taxes hits those who buy a home now harder than those who already own one.

Overall, the same forces that are lifting prices are the ones keeping the regulators watching closely from the sidelines. The property price forecast for 2027 points upwards, but the road there is not risk-free, and that is worth keeping in mind whether you are a buyer, a seller or simply following the housing market.

How to use the house price forecasts as a buyer or seller

The main conclusion across all the forecasts is clear: house prices are expected to keep rising through 2027, but at a noticeably slower pace than in 2026. The consensus for houses is about +3,2 % in 2027 against +5,2 % the year before, and it is precisely this difference that makes 2027 a year when you need to think differently about timing, whichever side of the deal you are on.

When you apply the figures to your own situation, there are a few things worth bearing in mind:

• Even a rise of around 3 % still gives a solid gain in home equity. In 2026 the consensus of +5,2 % corresponded to roughly +156.000 kr. on a 3 million kr. home, and even at a lower pace in 2027 there is still money to be made by staying in your home.

• The picture is split in two, depending on where you are. Outside Copenhagen, rises are more moderate and predictable, while the capital carries the greatest risk of fluctuations and political intervention, for example in the form of tax tightening or regulation.

• Brikk gathers the latest house price forecasts, so you can follow house price trends in 2027 with updated data instead of having to dig it out of each institution's reports.

The forecasts are ultimately a guide, not a guarantee. They give you an informed picture of which direction the market is pointing, but no one can predict exactly what will happen to interest rates, the economy or politics in the middle of the year.

If you want to stay up to date, you can follow Brikk's continuously updated forecast pages, where new assessments from the institutions are added as soon as they are published. That way you always have the freshest figures on which to base your decision.