Increase in apartments for sale in Copenhagen: report

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

Increase in apartments for sale in Copenhagen: report
File photo: Jeppe Michael Jensen/Ritzau Scanpix

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

“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.

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Copenhagen nature area to be developed as city approves land sale

A part of the Amager Fælled nature area has lost its reserve status and can now be sold to investors, after a majority in the city's municipal council voted in favour of development on Thursday.

Copenhagen nature area to be developed as city approves land sale
Amager Fælled. File photo: Asger Ladefoged/Ritzau Scanpix

The 219,000 square-kilometre area, known as Lærkesletten, can be sold to developers who wish to build homes on the land, broadcaster TV2 reported.

The sale raises money needed by the city to pay for the new Metro lines, which opened last year, and was part of a political deal agreed in 2017.

City councillors from the Social Democrats, Social Liberals, Liberals, Conservatives, Danish People's Party and two independents voted in favour, while Red-Green Alliance, Alternative and Independent Green parties and one independent opposed.

Located on the southern edge of the natural area on island Amager, the area is frequently used by people from the city for cycling, running and walking.

“We have seen that nature and the environment are at the centre of the public’s perception of what’s important. They want real wild nature in Denmark,” Gorm Anker Gunnarsen, who represents the Red-Green Alliance on the city council, told news agency Ritzau.

An Epinion survey this week showed that 76 percent of people who live in Copenhagen are either partly or completely against development of the area.

Gunnarsen told Ritzau he still believes there is a chance of preserving the nature zone.

“We have the authority to withdraw a building permit in special circumstances,” he said.

An advisory public vote could on the matter provide the basis for this, he argued.

“This case will not then just rest on which party you are with, but also on your view of the individual case,” he said.

READ ALSO: Copenhagen natural area Amager Fælled gets new development plan