Marked differences in price trends for detached and terraced houses in Denmark. Where is your municipality on the list?

Marked differences in price trends for detached and terraced houses in Denmark. Where is your municipality on the list?

House prices: brand-new data from Finans Danmark, released on 16 September for the first half of the year, shows marked differences in how prices of detached and terraced houses have developed in Denmark. If you are about to buy or sell your house, or are simply curious about how prices in your municipality developed from the first half of 2018 to the first half of 2019, read on below.

According to the latest data from Finans Danmark, prices of detached and terraced houses across Denmark as a whole rose by 1% from the first half of 2018 to the first half of 2019.

Looking at the different municipalities in Denmark, it is clear that there are big differences, with both large rises and large falls. Where the differences are greatest, there are as many as 74 percentage points between the biggest rise, at 36%, and the biggest fall, at -38%.

Brikk’s director, Sebastian Beres, explains:

“The new data is a clearer indicator of how prices are really developing compared with last year. As expected, there is only a moderate rise across the country as a whole. This is despite record-low interest rates. However, there is another side to the low interest rates, namely that they are a sign that the upturn is slowing. So although we will probably not see explosive rises nationally over the next year or so, there are still pockets and areas where prices are lower than before the financial crisis. It is often in these areas that we see the big rises. 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.”

Tønder, Skive, Ærø and Vordingborg have seen the biggest rises

Tønder, Skive, Ærø and Vordingborg are the municipalities where prices have risen the most. All four have seen rises of at least 22%. Tønder, with the highest rise in the country, is at 36%, closely followed by Skive at 34%. Next come Ærø at 33% and Vordingborg at 22%.

Besides these four municipalities, there have also been big price rises in Lejre and Syddjurs, with rises of 17% and 16% respectively in the first half of 2019 compared with the first half of 2018.

Price rises of more than 10% can also be found in the following municipalities: Middelfart (14%), Tårnby (13%), Roskilde (13%), Stevns (13%), Vesthimmerlands (13%), Skanderborg (13%), Billund (13%), Fredensborg (11%), Viborg (11%), Nyborg (11%) and Esbjerg (11%).

Samsø, Langeland and Hedensted have seen the biggest price falls

On Samsø, where prices per square metre have fallen the most, the figure is a full -38%. Next comes Langeland at -34%, followed by Hedensted at -19%.

The data from Finans Danmark shows that prices have fallen in several parts of the country. The following municipalities have all seen price falls of more than 10%: Svendborg (-11%), Aabenraa (-11%), Rebild (-14%), Jammerbugt (-15%) and Struer (-18%).

See the full list below: