Denmark - House Price Index

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.

Active:

• Measurements:
  • Unitary count (#)
  • Thousands of Danish kroner (Ths. DKK)
  • Fixed-base index relative to 2022 (Index 2022=100)
• Adjustment: Not seasonally adjusted (NSA)
• Native frequency: Quarterly
• Start dates:
  • 1992Q1 for most
  • 2006Q1 for IDNK_BRH
• Geo vintage:
• Geo coverage:
  • Country
  • Region/region/NUTS 2 areas (all 5x IDNK_^^)
  • Landsdele/province/NUTS 3 areas (all 11x IDNK_^^^)

Predecessors:

• 2006=100 - 1992Q1 to 2023Q3 ("_06")

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).

For sales index, ??

Yes. 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.

Further reading

At the source:

• Subject page » Sales of real property
• Documentation of statistics » Sales of real property

At the source (StatBank):

• Table EJ5: Price index for sales of property (2006=100) by category of real property and unit
• Table EJ55: Price index for sales of property (2006=100) by region, category of real property and unit (DISCONTINUED)
• Table EJ56: Price index for sales of property (2022=100) by region, category of real property and unit
• Table EJ121: Seasonally adjusted sales of property (2022=100) by region, property category and unit

• Sep 2005 - Initial version.
• Mar 2012 - Change in method.
• Oct 2014 - Addendum of detail by typology and subnational area.
• Jan 2015 - Addendum of Moody's Analytics SA supplements.
• Jun 2019 - Change in method.
• 8 Apr 2024, Phillip Thorne - Rebased to 2022: Properties.