Has increased by 69 percent in value
Tender prices on holiday homes have risen significantly over the past decade.
New figures from the housing side show that square meter prices at the entrance to April are DKK 26,919 on average, which is an increase of 69 % since the low point in early 2015.
It writes Home in one press release.
This is equivalent to a cottage of 80 sqm. is for sale for DKK 2,155,000 on average. Ten years ago, the price of a similar house was DKK 1,275,000 (rounded to the nearest DKK 5,000). The progress is 3.4 % over the past year.
« The cottages have been on a bit of a trip during the period. The interest rose dramatically under Corona, and since then the market has held on to high price levels. It shows that the dream of holiday home is still strong with the Danes, » says Michael Dalsager, senior communications consultant in Home.
More for sale but still low tender
At the same time, something is happening on the tender page. After several years of record -low supply – especially under the pandemic – there is now evidence of progress.
There were 6,444 holiday homes for sale in Denmark by the end of March. It is almost a doubling since January 2022, when the supply hit the bottom with just 3,699 cottages on the market.
The past month the supply has increased by 9.5 % at national level (See regional tendering in Table?
« There are still fewer cottages for sale than before Corona, but we can see that more sellers have started to move. The high prices and the spring many trades make it attractive to get on the market now, » explains Michael Dalsager from Home.
