Danish property prices rise again

Property prices in Denmark have risen for a second consecutive month according to new data released by Danske Bank.

Danish Properties

Source: propertyfutures.wordpress.com

The latest figures show that residential house prices in the Scandinavian country rose by 1.3 per cent in August compared to July – a second consecutive monthly price rise following three months of declines, the bank said

The average price of a home in Denmark is currently approximately 223,000 euros – 0.9 per cent higher than it was at the same time last year. However, average prices are still over 22 per cent lower than they were at their peak in 2006.

According to Knight Frank’s recently released Global House Price Index, Denmark’s property market has been one of the best performing in Europe over the past 12 months, with prices rising by 5.4 per cent in the year to June 2013.