House Prices in Denmark: What Should You Expect in 2022
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Loading... - Clarissa Gataki
- 08 Jul 2022
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Housing prices in Denmark range from reasonable to extravagant, but fierce competition for available units and laws and customs detrimental to foreigners can put a damper on your plans. Here is some essential information you should know about the local housing market if you are planning on relocating or investing in real estate in the region.
The average cost of a two-bedroom family house is 2,656,115 DKK or about 18,910 DKK per square meter. On average, owner-occupied flats cost about 38,145 DKK per square meter. The local housing market is quite competitive due to the low entry requirements and availability of affordable loans.
What house prices can you expect in Denmark? While prices for family houses and apartment units near the city centers can be exorbitant, that isn’t the only issue.
You will find that the local market is intensively competitive due to extremely low down payment requirements and the ready availability of loans with very reasonable terms. Furthermore, local customs and sentiments tend to be slanted against foreigners.
How much does a house cost in Denmark?
As of April 2022, houses in Denmark cost an average of 2,656,115 DKK. Apartments cost an average of 35,438 DKK per square meter near the city center. Units further out cost around 24,798 DKK per square meter on average.
With that said, the average price per square meter is 16,507 DKK nationwide. An average house of 145 m² in size will cost you 2.4 million DKK (2021).
If you are looking for an apartment, here are the average prices as of January 2022:
The difference in house prices is astonishing in Denmark. So in Frederiksberg you pay 73,492 DKK per square meter and 3,050 DKK per square meter in Horslunde.
In the past years – from the 4th quarter of 2020 to the 4th quarter of 2021 – house prices have risen by 9.5% nationwide (across 82 municipalities).
Commonly, the largest increases happen in the metropolitan area, and so it’s in Denmark. In some municipalities house prices have risen by more than 20%, e.g. in Hørsholm, Helsingør, Dragør, Lejre, Furesø, Hvidovre and Gladsaxe municipalities.
Therefore, the current prices of houses represent an increase of 20.8% over the same period during the previous year. In 2018, a 140-square-meter house would have cost only 1,923,000 DKK on average.
In the intervening years, housing prices increased steadily, reaching as much as 2.5 million DKK for a single-family house in 2020. Nevertheless, this was still below the current price of 2.66 million DKK.
Unfortunately for prospective buyers, the increase in property prices is expected to continue well into 2022. Furthermore, you can expect considerable regional variance in the prices of housing units, so it’s worth considering that when deciding between living in Copenhagen and smaller cities in Denmark. Read More...
