176

News

Housing sales reached record highs for November

Christian Wenande
December 18th, 2020


This article is more than 4 years old.

Figures from Boligsiden showed that housing sales this year have already surpassed the total amount from 2019

2020 has been a solid year for estate agents (photo: Pixabay)

Usually, November is a pretty quiet month when it comes to property sales.

But not this year.

Figures from estate agent chain Boligsiden showed that almost 9,000 homes were sold last month – the highest ever registered in a November month.

“The housing market can seem completely decoupled from reality, but a strong economy from before the crisis, combined with low interest rates and much discussion has means that the housing market has steamed ahead,” Jeppe Borre, the lead economist with Arbejdernes Landsbank, told Finans.dk.

In fact, 2020 has been a marvelous year for the estate agents.

With 87,800 homes being sold, this year has already far surpassed total sales for 2019 by 9,000 – and December is still to come!

READ ALSO: Property investors increasingly avoiding Denmark 

2021 looking more subdued 
The development also means that the supply of housing is the lowest in 14 years.

This has seen the price of houses and apartments shoot up by 5.5 and 7.4 percent compared to a year ago. 

For summer houses the price increase has been even more dramatic – up 13 percent on last year.

Borre expected 2021 to bring less activity – with price increases on all three property types expected to be in the 0-2 percent range.


Share

Most popular

Subscribe to our newsletter

Sign up to receive The Daily Post

















Latest Podcast

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.”