Copenhagen house prices rising strongly, but Danes are way over-borrowed
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Residential property prices in Copenhagen are now rising strongly, after a slow recovery from the crisis. The economy is finally improving, and demand for housing is strengthening.
The average price of detached and terraced houses in the capital city Copenhagen soared by 11.3% during the year to end-Q1 2015 (11.1% inflation-adjusted) to DKK28,295 (US$4,107) per square metre (sq. m.), according to the Association of Danish Mortgage Banks (ADMB). Quarter-on-quarter, house prices in Copenhagen increased 1.4% (1.4% inflation-adjusted) in Q1 2015.
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