Huge differences in flat price trends across Denmark
Brand-new data from Finans Danmark shows huge differences in how flat prices are developing across Denmark.
If you are about to buy or sell your flat, or 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, flat prices in Denmark have risen by 0,7% from the first quarter of 2018 to the same period in 2019. That is a slowdown compared with recent years, when increases have been around 8-9%.
But look at the individual towns in Denmark and there are huge differences in rises and falls. Where the differences are greatest, they amount to as much as 87 percentage points between the biggest rises (60%) and the biggest falls (-27%).
According to Sebastian Beres, founder and CEO of Brikk, there is very good reason to keep track of price trends – both over the past year and much further back – whether you are buying or selling:
“Clearly, if you are thinking of selling, it makes sense to sell after you have seen a big price rise, while for buyers it makes good sense to buy after a bigger fall, as in Skagen and Randers NØ, for example. If you look at the big rises, they often come from towns where prices are still lower than, or roughly the same as, before the financial crisis. So you could say that prices in these towns are levelling out. There are, however, big differences from town to town. A good tip if you want to buy and/or sell is to look at prices from before 2009, as they also tell a large part of the story of how prices will develop in the future.”
You can see the price trends for every town and area below:
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