Denmark - House Price Index

Denmark: House Price Index

Mnemonic HPI.IDNK
Unit Index 2006=100, NSA
Adjustments Not Seasonally Adjusted
Quarterly 1.18 %
Data 2020 Q2 128.7
2020 Q1 127.2

Series Information

Source Statistics Denmark
Release Price Index for Sales of Property
Frequency Quarterly
Start Date 3/31/1992
End Date 6/30/2020

Denmark: Real Estate

Reference Last Previous Units Frequency
Non-residential - Commercial & Retail - Vacancy 2020 Q3 852,400 803,800 m², NSA Quarterly
Non-residential - Industrial - Vacancy 2020 Q3 1,973,800 1,929,700 m², NSA Quarterly
Non-residential - Office - Vacancy 2020 Q3 1,826,000 1,752,100 m², NSA Quarterly
House Price Index 2020 Q2 128.7 127.2 Index 2006=100, NSA Quarterly
House Price Index for Existing Homes 2020 Q2 120.5 118.49 Index 2015=100, NSA Quarterly
House Price Index for New Homes 2020 Q2 103.65 103.06 Index 2015=100, NSA Quarterly
Building Permits 2020 Q1 1,742,504 1,696,819 M², NSA Quarterly
Housing Starts Mar 2020 1,863 1,950 #, SA Monthly
Non-residential Building Permits 2020 Q1 108 103 #, NSA Quarterly
Residential Building Completions Mar 2020 2,722 2,318 #, SA Monthly
Residential Building Permits Mar 2020 2,259 2,045 #, SA Monthly
Residential Housing Starts 2020 Q1 3,509 3,909 #, NSA Quarterly

Release Information

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.

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.

With 2019 Q1 data dissemination, the source introduced a slight change in methodology. Instead of calculating the quarterly figures from raw data, they are now dervived from monthly data.

The statistics are currently revised. Final figures for a calendar year are processed at the same time as the provisional figures for the 2nd quarter in the following year - normally in the middle of November.