Advertisement

Increase in apartments for sale in Copenhagen: report

Ritzau/The Local
Ritzau/The Local - [email protected]
Increase in apartments for sale in Copenhagen: report
File photo: Jeppe Michael Jensen/Ritzau Scanpix

The market for apartments in Copenhagen has become more favourable to buyers, according to new figures.

Advertisement

The number of apartments for sale in Copenhagen increased by 20.6 percent over the last 12 months, with the figure reaching 30 percent for the area around the capital, according to real estate site boligsiden.dk.

“That is a significant increase which gives more competition for buyers, so they can push sellers to give bigger reductions in price,” Boligsiden analyst Birgit Daetz said via a press statement.

“This has resulted in us seeing small falls in prices for the last three consecutive months,” Daetz said.

The greater Copenhagen region (Region Hovedstad) currently has the highest number of properties for sale since 2011.

The increase is partly connected to sales of property still in construction.

Daetz said that an increase in availability may be related to high prices in recent times thinning the field of buyers, while tighter mortgage regulation introduced at the beginning of the year may also have forced some prospective housebuyers to look elsewhere.

READ ALSO: Tenant in Denmark? Here are your rights relating to eviction

More

Join the conversation in our comments section below. Share your own views and experience and if you have a question or suggestion for our journalists then email us at [email protected].
Please keep comments civil, constructive and on topic – and make sure to read our terms of use before getting involved.

Please log in to leave a comment.

See Also