the Owners of apartments are allowed to set out on a heck of a beating in the coming years. For many years the prices just rose and rose, is the party over. Several places prices have already begun to fall, and when the new boligskatter shall enter into force as of 2021, there is more serious damage too on the way.
In the country's largest market for condos, the copenhagen, topped the development already in the spring, and since prices have fallen by 1.4 percent. It will continue to next year, also at the national level, predict Realkredit Danmark in a new analysis of housing prices in 2019.
- All have followed the slowdown in the Danish market for condos close in 2018, and it will surely also attract a lot of attention in 2019. However, it is probably too early to talk about a crisis, because of the low interest rates and the continued economic recovery will continue to hold your hand during the market.
He is counting on so that the price of the condos will simply fall in the level from zero to 5 percent in the new year. But it will only be the prelude to an even worse 2020.
- We see more risk lurk further out in the future for copenhagen condos, when boligskattereformen really going to be blessed into the market. It will probably mainly be a history for 2020, when the new reviews are published, says Christian Hilligsøe Heinig.
According to Realkredit Danmark will homeowners with condos being hit doubly hard by the new boligskattereform. First they get a proper mavepuster in the form of a significant tax increase, followed by a straight right as a result of the strong decreasing prices.
On the basis of figures from the ministry of finance assesses the Realkredit Danmark so, to about 70,000 homeowners can look forward to an annual tax increase of over $ 10,000. Of the 25,000 of which will ekstraregningen sounds of over 20,000. of the year.
- There is hardly any doubt that the homeowners that get the largest increase in tax, will be those who live in condos. Especially in Copenhagen, says Christian Hilligsøe Heinig, chief economist at Realkredit Danmark.
Homeowners can to some extent take comfort from the fact that they do not have to have the money out of your pocket in the here and now. The Danish parliament has decided that future increases in boligskatten must tvangsindefryses, to the dwelling being sold. But with 20,000. on the year, plus any new increases, it will quickly run up a debt of several hundred thousand dollars.
But the tax is only a part of the lejlighedsejernes damage too.
It is expected that boligskattereformen in itself will make the price of ejerligheder nationwide to dive with 7 percent. It would also hit hardest in the major cities, where the price drop is expected to sound at 9 percent.
Completely wrong it can go, if interest rates begin to rise, points to the Christian Hilligsøe Heinig.
- There is no doubt that the market for condos is extremely rentefølsomt, especially in the expensive areas. Should the interest rate increase by, for example, 2 percentage points over the coming year, it begins in earnest to see strained out.
...........Better times for householders
Unlike homeowners with condos it appears that householders have good reason to bowls new year.
Realkredit Danmark expects that house prices in 2019 will rise between 2.5 and 4.0 percent. This means that you can put between 50,000 and 80,000 dollars to your fortune, if you are the owner of an average single-family house of 140 square meters.
Get Realkredit Danmark a right, it also means that the average single-family house for the first time ever, passing miliepælen of two million dollars in the course of 2019.
The new boligskattereform is expected - again in contrast to ejerlejlighederne - not to have the large negative effect for householders. On the contrary, expect the ministry of finance a weak positive effect for husmarkedet. It is due to bl.a., to around 980.000 homeowners can look forward to, that the tax on their housing falls.
It is the typical houses in the outskirts of denmark, where the old ratings were too high.