Prisfesten end: hit So hard is the copenhagen condos

After growing by an average of 7.3% per year since 2012, the party appears to be ebbed out at the copenhagen ejerlejlighedsmarked. It applies in any case, if one evaluates on the basis of the number of offered apartments, which are set down in price.

Supposedly has both realtors and sellers find it difficult to hit the right price, since more than one third offered by apartment in Copenhagen has been put down in price since the apartment came on the market for the first time.

a statistics based on data from men study.dk, it appears that the proportion of discounted apartments stood at 11 percent in 2015 and has since more than tripled, to 35 percent in the city of Copenhagen.

In Frederiksberg is that the same trend. The number of apartments with a discount sign today represents 48 percent of the supply, compared with 17 percent in 2015. In Østerbro, pricewise reminiscent of Frederiksberg, is also almost half of the offered apartments have been reduced in price.

See the rates in your municipality over the last 20 years

Condos is also down in price in Aarhus, Odense and Aalborg
Reduced prices on condos are not only a copenhagen phenomenon. On lejlighedsmarkedet in both Aalborg, Aarhus and Odense municipalities, there is the same tendency, displaying data from men study.uk from mid-november 2018 the condos that are for sale now.

In the Municipality of Odense, which already has modest per square meter of about 20,000., is a little over half of the ejerlejlighederne put down in price. In Aarhus Municipality with a price level around 33.000 kr. pr. kvm is 36 percent of the apartments set down in price.

the price level in the Municipality of Aalborg is located at the level of Odense. Here, however, only 29 percent of the offered apartments, which are set down in price.

good to know, when you are considering to buy a condo

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For that we with a certain court can talk about a reversal of price trends on the copenhagen ejerlejlighedsmarked, we must also cast a glance at both udbudstider and asking prices.

In the Commune of Frederiksberg topped asking prices in June 2018 with 49.513 kr. pr. sqm and up to October decreased by 2.4 percent. Button as clear see it in Copenhagen, where asking prices peaked with 48.175 kr. pr. sqm in september and has since fallen by 0.7 percent.

the Same weak trend we find in the udbudstiderne, which specifies how long an apartment is for sale on the net, before it gets deleted. Frederiksberg is udbudstiden risen 21 percent since June, while in the city of Copenhagen has increased by 10 percent.

But although there is talk about the relatively weak signals on the copenhagen ejerlejlighedsmarked, suggests very much that there is talk about a slowdown of the market, which in the longer term may signal a fall in prices.

According to boligsiden.dk, which is operated by the Danish Ejendomsmæglerforening, topped the sæsonjusterede prices on the copenhagen ejerlejlighedsmarkedet already in may 2018 and has since declined by 0.7 percent.

chief Economist at Realkredit Danmark Christian Hilligsøe Heinig stresses, however, that although the activity at the copenhagen ejerlejlighedsmarked has gone significantly down in gear, so there is no question of a market that is stalled.

- so far holds a continuing economic recovery and low interest rates a hand under the copenhagen housing market, but the upcoming boligskattereform in combination with evs. rising interest rates pose a real risk in relation to a larger prisnedtur over the coming year, he states.

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