Denmark - House Price Index

Denmark: House Price Index

Mnemonic HPI.IDNK
Unit Index 2006=100, NSA
Adjustments Not Seasonally Adjusted
Quarterly 5.98 %
Data 2022 Q3 141.5
2022 Q2 150.5

Series Information

Source Statistics Denmark
Release Price Index for Sales of Property
Frequency Quarterly
Start Date 3/31/1992
End Date 9/30/2022

Denmark: Real Estate

Reference Last Previous Units Frequency
Building Permits 2022 Q4 1,122,787 1,418,581 M², NSA Quarterly
Housing Starts Dec 2022 2,458 2,659 #, SA Monthly
Non-residential - Commercial & Retail - Vacancy 2022 Q4 529,000 550,900 m², NSA Quarterly
Non-residential - Industrial - Vacancy 2022 Q4 1,019,700 997,300 m², NSA Quarterly
Non-residential - Office - Vacancy 2022 Q4 1,231,700 1,458,200 m², NSA Quarterly
Non-residential Building Permits 2022 Q4 112 47 #, NSA Quarterly
Residential Building Completions Dec 2022 3,259 4,717 #, SA Monthly
Residential Building Permits Dec 2022 1,990 2,210 #, SA Monthly
Residential Housing Starts 2022 Q4 2,929 3,626 #, NSA Quarterly
House Price Index 2022 Q3 141.5 150.5 Index 2006=100, NSA Quarterly
House Price Index for Existing Homes 2022 Q3 137.26 142.74 Index 2015=100, NSA Quarterly
House Price Index for New Homes 2022 Q3 120.86 117.73 Index 2015=100, NSA Quarterly

Release Information

For Denmark, count and average price of registered sales of residential properties, single-family and apartment, for the country and subnational areas.

The source writes:

For Denmark, the purpose of the statistics for sales of real property is to analyze number of sales and price trends for specified categories of real property. The statistics show developments in the number of sales as well as in prices distributed by categories of real property and geography. The current statistics only cover sales in ordinary free trade, intra-family sales and other sales. Ordinary free trade comprises sales between parties who are not members of the same family and sales, which are not considered as a partial gift.

The statistics are, among other things, used for monitoring short-term economic trends. Estate agents and other interested parties use the statistics to follow developments in the number of sales and prices for different types of real property within selected geographical areas.

  • Measurements:
    • Unitary count (#)
    • Thousands of Danish kroner (Ths. DKK)
  • Adjustment: Not seasonally adjusted (NSA)
  • Native frequency: Quarterly
  • Start dates: 1992Q1, 2011Q2, etc.
  • Geo coverage:
    • Country
    • All 5 region/region/NUTS 2 areas (IDNK_^^)
    • All 11 landsdele/province/NUTS 3 areas (IDNK_^^^)

Categories of transaction include ordinary free trade, intra-family sales and other sales. Ordinary free trade involves sales between parties who are not members of the same family, sales that are not considered as a partial gift and resale of a property acquired at an enforced auction sale by a holder of an unsatisfied mortgage. Intra-family sales include sales between parties and between persons, who are related or related by marriage, even if the sale does not include a gift. Other sales refer to sales that are not ordinary free trade and intra- family sales; for example, forced sales.

The estimated number of sales is the raised number of sales calculated on the basis of the pattern of the previous year when the sales forms were received by the Ministry of Taxation.

All sales, which meet the following conditions are included in the price calculation:

  • There are no special conditions such as: partial property sold, more than one property sold, sale subject to price clause, seller is a public authority (with the exception of building sites), sales information is missing or price is exorbitant.
  • The buyer is a private person.
  • Residential properties with 4 flats and over, residential and business properties, business properties and industrial properties and warehouses are included as well as sales where the buyer is a company.

Price per property is calculated as an ordinary average of the sales included in the number of sales in the price calculation.

In connection with every transfer of real property the buyer (recipient of the deed of transfer) has to submit a duly filled in sales form to the municipality in which the real property is situated. The sales form has to be submitted to the municipal authorities, together with the deed, which must be endorsed with the taxable value of the property, before final registration can be completed. The municipal authorities pass on the sales forms to the Ministry of Taxation where the information is registered and checked. Statistics Denmark receives each quarter information about each transaction from Ministry of Taxation.

Changes to method

In 2009, reporting geos were reorganized to reflect the administrative reform (Strukturreformen) of 1 January 2007. Series (including national results) were back-calculated to 2006Q1.

Upon results for 2019Q1, production of quarterly figures has changed from raw data to monthly data.

Moody's Analytics supplements

For sales price of existing single-family houses, at all reported geo levels, we produce seasonally adjusted counterparts (from 1992).

For sales count of single-family houses, at subnational levels, we previously produced seasonally adjusted SA counterparts (1992 to 2006).

The statistics are currently revised. Final figures for a calendar year T are processed at the same time as the provisional figures for Q2 in year T+1, normally in the middle of November.