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Housing prices in Denmark fall for the first time in ages

Christian Wenande
October 9th, 2017


This article is more than 7 years old.

Trend could continue for the rest of the year, maintains expert

Is this just the beginning? (photo: Flickr – Boliga Selvsalg)

According to figures from the housing market index Boligsidens Markedsindeks, housing prices in Denmark fell for the first time in quite some time last month.

The average square-metre price fell by 0.2 percent in September compared to August. One expert points to market saturation as one of the reasons.

“There has been a mounting housing need that has been covered by low interest rates, which has made it possible for some people to purchase the home they’ve saved up for,” Birgit Daetz, the head of communications for housing website Boligsiden, told TV2 News.

“It’s not a fall that will shake the housing market, but it is a fall that deviates from the tendency that has persisted in recent years. Compared to the usual seasonal conditions, it could mean we can expect to see price decreases for the remainder of the year.”

READ MORE: Bubble trouble: Housing market across Denmark faces dramatic change next week

Restrictions levelled
According to Daetz, more homes have been sold this year compared to the same period last year.

The only region that saw a housing price increase in September was in mid-Jutland, where prices rose by 0.2 percent.

The news comes on the heels of the Danish financial supervisory authority Finanstilsynet and the Business Ministry moving to severely restrict banks and credit institutions from offering the types of housing loans available in the Copenhagen and Aarhus areas that don’t have fixed interest rates and monthly instalments.


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A survey carried out by Megafon for TV2 has found that 71 percent of parents have handed over children to daycare in spite of them being sick.

Moreover, 21 percent of those surveyed admitted to medicating their kids with paracetamol, such as Panodil, before sending them to school.

The FOLA parents’ organisation is shocked by the findings.

“I think it is absolutely crazy. It simply cannot be that a child goes to school sick and plays with lots of other children. Then we are faced with the fact that they will infect the whole institution,” said FOLA chair Signe Nielsen.

Pill pushers
At the Børnehuset daycare institution in Silkeborg a meeting was called where parents were implored not to bring their sick children to school.

At Børnehuset there are fears that parents prefer to pack their kids off with a pill without informing teachers.

“We occasionally have children who that they have had a pill for breakfast,” said headteacher Susanne Bødker. “You might think that it is a Panodil more than a vitamin pill, if it is a child who has just been sick, for example.”

Parents sick and tired
Parents, when confronted, often cite pressure at work as a reason for not being able to stay at home with their children.

Many declare that they simply cannot take another day off, as they are afraid of being fired.

Allan Randrup Thomsen, a professor of virology at KU, has heavily criticised the parents’ actions, describing the current situation as a “vicious circle”.

“It promotes the spread of viruses, and it adds momentum to a cycle where parents are pressured by high levels of sick-leave. If they then choose to send the children to daycare while they are still recovering, they keep the epidemic going in daycares, and this in turn puts a greater burden on the parents.”