Ketchupeffekt led to record home sales in may

In may, the total home sales for a single month, the highest level in the past 10 years.

Here was sold in a total of 8682 housing, which is 15 percent more than in the same month last year.

It shows Boligsidens inventory of bolighandlerne for may.

the Figures cover the sale of 4992 houses, 1558 condos and 2132 cottages.

The high sale comes after the low sales in april, where the activity in the housing market has been dampened because of coronakrisen.

it is surprising Therefore, that the sale is reversed so that the back strong, says Mira Lie Nielsen, boligøkonom at Nykredit.

She points to two reasons for the developments in the housing market.

For the first, most Danish economy has not been hit by the crisis. And coronavirusset has not deterred people from buying a holiday home or a second home.

in Addition, there was good time in the housing market in coronavirussets arrival.

- Flytteplanerne was for many put on hold, as the country is partially closed from mid-march.

- But now the buyers returned, and has created the here ketchupeffekt in the number of deals with houses and condos in may, says Mira Lie Nielsen.

Sales of houses and condos in april and may, however, lower than in the same period last year.

In other words, it is only sommerhussalget, which has been higher compared with 2019.

Mira Lie Nielsen expect a continued high home sales for the rest of the year. But she also believe that there will be a slowdown in the number of home sales.

- Some of it high home sales, we see right now, due to the accumulation under the coronanedlukningen.

- Therefore, we will expect that going forward we will see fewer home sales than we have today, says Mira Lie Nielsen.

She expects that there will be a decline in the number of home sales and in housing prices to fall.