Denmark’s house price rises continue
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Denmark’s housing market continues to show spectacular performance, with residential property prices surging, boosted by negative interest rates. During the year to end-Q1 2016, the price index of owner-occupied flats soared by 9.16% (also 9.16% when adjusted for inflation), according to Statistics Denmark. Quarter-on-quarter, nationwide house prices increased 3.69% (3.28% inflation-adjusted) in Q1 2016.
Nationwide, the average price of owner-occupied flats stood at DKK2.02 million (EUR271,950) in March 2016. On the other hand, one-family homes are priced at an average of DKK1.9 million (EUR256,080) over the same period.
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