Denmark’s housing market is experiencing a surge in activity this summer, with June sales figures reaching levels close to record highs, surpassed only by the peak of the corona pandemic. This trend indicates a robust appetite for housing among Danes, driven by a strong labor market, falling interest rates, and rising wages.

A total of 8,242 homes were sold in June, marking the highest number of transactions since June 2021. While slightly lower than May’s figures, the overall sales volume remains significantly higher than the previous year.

The first half of 2025 saw a 17 percent increase in home sales compared to the same period last year, adjusted for seasonal variations. This growth is particularly evident in the owner-occupied apartment segment, which experienced a 30 percent increase. Sales of villas and terraced houses rose by 13 percent, while holiday home sales increased by 17 percent.

Apartments are leading the charge, with 10,153 units sold in the first half of 2025, representing a 30 percent increase compared to the same period last year. This marks the third-highest turnover on record. The surge in apartment sales is reflected in prices, with a nationwide increase of more than 11 percent. In contrast, house and holiday home prices have increased by 5.4 percent and just over two percent, respectively.

The increase in apartment sales is primarily concentrated in major cities, particularly Copenhagen. In Copenhagen Municipality alone, 3,595 owner-occupied apartments were sold in the first half of 2025, a 33 percent increase compared to the first half of 2024.

Experts attribute the strong housing market performance to solid economic fundamentals. The robust labor market, characterized by low unemployment and record-high employment, coupled with falling interest rates and rising wages, is fueling increased activity in the housing market.

Looking ahead, analysts anticipate continued high trading activity and further price increases. The expectation is for house prices to increase by four percent this year, while apartment prices are projected to rise by six percent. While this is positive news for existing homeowners, it presents a challenge for first-time buyers, as the anticipated rise in house prices is expected to outpace income growth.