Danish housing inventory still rising

July 24, 2007 · 3 comments

There’s been a lot of talk about falling housing prices in Denmark, so I just wanted to take this chance to update my own statistics.

On October 8, 2006, the number from boligsiden.dk was 49,982. It is now 61,860.

That’s a net increase of 41 units per day since my last tally on October 8, 2006.

It’s a net increase of 58 units per day average since the low point on February 22, 2006.

The rate from February 22 to October 8, 2006 was 79 units per day. So the rate has dropped to about half, but the net number is still growing at steady pace.

A good time to be buying, if you can take the risk. Remember Warren Buffet’s word: “Be fearful when others are greedy and greedy when others are fearful.”

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3 responses so far ↓

1 Branimir // Jul 26, 2007 at 03:26 PM

I don't get it. Why is it now a good time for buying? Because the price rose recently? Well, that means only that it WAS good time for buying (which is always easy to see with hindsight).
2 Lars Pind // Jul 27, 2007 at 01:30 PM

Prices have been dropping slowly, not rising, but the point is that there's now more than twice the number of units on the market that there was a year and a half ago, which means you have every opportunity to be picky, and you have a strong position to negotiate price from.
3 Mark Aufflick // Aug 06, 2007 at 03:37 AM

Gee - you're tempting me! House prices here in Sydney are outrageous. I wouldn't mind a nice apartment in Copenhagen :)

Lars Pind

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