
In the second quarter of this year, 1800 condominiums were sold in Copenhagen. That's 300 more than in the first quarter, according to figures from Boligsiden. (Archive photo). Photo: Ida Marie Odgaard/Ritzau Scanpix
Housing sales rebound to 2019 levels
The Danish housing market revived in the second quarter with a 24.2% rise in sales compared to the first, reports Boligsiden. The increase follows a dip due to new housing tax rules, which particularly affected Copenhagen’s apartment market. Sales in the capital jumped to 1,800 from 1,500 quarter-over-quarter. Nationwide, 22,800 homes were sold, approaching the pre-pandemic level of 23,500 in 2019’s second quarter. Mathias Dollerup Sproegel from Sydbank linked the improved market to settling nerves and the European Central Bank’s recent interest rate cut to 3.75%, indicating a positive outlook. Over 40,000 homes were traded in the first half of the year, with expectations for more in the second half.