Danish housing market has lost momentum


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Tuesday, 12 July 2011
Danish housing market seem to have lost its momentum. According to Nybolig, a real estate company with broad base background in Denmark,  the number of homes sold in the country plunged by 13 percent in the second quarter compared to same period last year.
While the average square meter price for villas and townhouses are back to levels from April 2010.
“After a first quarter with a relatively stable price and a slight increase in sales, housing market has completely lost momentum in the second quarter,” writes the Nybolig.


With the prices dropping, the average price per square meter of villas and townhouses rose only slightly higher than last year. Or in other words: Pretty much the whole price increase from 2010 is now put at risk again, it sounds.

With a record supply of homes for sale and a general uncertainty among buyers about the future economy, Nybolig predicts however that no significant increases in villas, townhouses and condominiums in the second half will be realised.

With more than 200 stores across Denmark Nybolig is one of the largest estate agency chains in the country. Nybolig is part of the Nykredit Group.

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