Housing sales approach nearly record: 'Rise in interest rates and inflation'

Danish Home Sales Near Record: 'Peace on Interest Rates and Inflation'

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*Boligsalget slår næsten rekord:* 'Ro på renten og inflationen'

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Danish home buyers have not been holding onto their money, but instead invested in approximately 22,600 homes in the first three months of the year.

In March, 8,511 homes were sold. This represents a 23% increase compared to the same month last year, according to Boligsiden. (Photo: © Søren Bidstrup, Ritzau Scanpix)

By Emilie Jensen ([email protected]) 54 min. ago

If you no longer have room for your kitchen garden projects in your budget or are looking for fewer unnecessary square meters to vacuum, you may very well have spent some of Easter looking at apartments, summer houses, or villas.

And if you strike it rich, you are far from the first to put money into bricks and wood and timber in this year. The first quarter of the housing market has by no means been quiet.

This is shown by figures from Boligsiden (https://www.boligsiden.dk/pressemeddelelser/boligsalget-i-foerste-kvartal-2025-er-kun-overgaaet-af-rekordaaret-2021), which has recorded the second highest number of home sales from January to March, only surpassed by the first quarter of 2021 during the corona pandemic.

According to Lise Nytoft Bergmann, who is a housing economist at Nordea Credit, this is a good sign.

- There is peace on interest rates. There is peace on inflation. And wages have risen more than they usually do, she says.

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Consumer Confidence Falls and Buying Intentions Rise

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However, even though buying intentions are high, consumer confidence among Danes - as measured by Statistics Denmark (https://www.dst.dk/da/Statistik/nyheder-analyser-publ/nyt/NytHtml?cid=49632) - is at its lowest in nearly two years. And the two do not usually go hand in hand, says Lise Nytoft Bergmann.

- Previously, consumer confidence and buying intentions have been low during the potato diet, the financial crisis, and the inflation crisis in 2022. Therefore, it may well seem counterintuitive that buying intentions are now high.

- But the difference is likely that we were previously in economic crises, and now we are more in a political crisis, says the housing economist, who says that Denmark's economy is in "unbelievably good shape."

In the first quarter of the year, 22,632 homes were sold, which, compared to last year, represents a 23% increase in trading activity, according to figures from Boligsiden.

Boligsiden's statistics go back to 2011.

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