Denmark: House Prices, Rents, and Rental Yields
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Last Updated: Apr 30, 2009
Denmark steady at 4.59%
| Last Updated: Apr 30, 2009 | |||||
| COPENHAGEN - Apartments | COST (€) | YIELD (p.a.) | PRICE/SQ.M. (€) | ||
| TO BUY | MONTHLY RENT | TO BUY | MONTHLY RENT | ||
| 50 sq. m. | 205,300 | 873 | 5.10% | 4,106 | 17.46 |
| 65 sq. m. | 260,585 | 1,059 | 4.88% | 4,009 | 16.29 |
| 75 sq. m. | 319,050 | 1,250 | 4.70% | 4,254 | 16.66 |
| 85 sq. m. | 349,435 | 1,418 | 4.87% | 4,111 | 16.68 |
| 100 sq. m. | 462,100 | 1,741 | 4.52% | 4,621 | 17.41 |
| 120 sq. m. | 552,840 | 2,006 | 4.36% | 4,607 | 16.72 |
| 150 sq. m. | 868,650 | 2,604 | 3.60% | 5,791 | 17.36 |
| 200 sq. m. | 822,600 | 2,956 | 4.31% | 4,113 | 14.78 |
| Copenhagen K, Copenhagen S, Copenhagen N, Copenhagen O, Frederiksberg K, Charlottenlund, Gentofte, Hellerup, Holte, and Horsholm Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule |
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Average gross rental yields on Copenhagen apartments average 4.59%, more or less unchanged from last year (4.61%).
Average prices per square metre (sq.m.) were also more or less unchanged, in our sample, at €4,452 per sq. m., down from €4,620 per sq. m.
Official StatBank Denmark figures show a 4.92% y-o-y fall in apartment prices nationally, to end-Q3 2008, and a 10.81% fall in single family and terrace house prices to end-Q1 2009 (in real terms, a fall of 12.91%).
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Your Comments
posted by HL | 2007-05-25
IT consultant and property investpr, Copenhagen
Hi i am a danish property investor and currently own 8 properties in copenhagen. I want to give a little update to you site about denmark as the information is outdated, The transaction cost here is not 6-7% but only around 2% when buying (mainly tax stamps for financing) and 1-2% when selling realtor commision. I generaly only pay 1% in realtor commision. Also the prices are not increasing anymore her, but are currently falling. The number of properties on the market have doubbled within the last 18 month fra 30.000 to 60.000 properties.
posted by Prince Cruz | 2007-05-29
Senior Economist, Global Property Guide
Hi HL, we find it difficult to look for data in Denmark. Most sources are not in English. We have confirmed with local agents that the maximum real estate agent's commission is 2% and not 6% as we previously stated. Thank you for your input.