Copenhagen Apartment Prices Drop as Aarhus Hits Record High

Buying an apartment in Copenhagen is getting slightly cheaper this autumn.

Average prices fell by 1.0 percent from August to September.

Prices also dropped by 0.5 percent the previous month.

This represents the largest monthly fall since March 2024.

The data comes from housing platform Boligsiden.

Boligsiden economist Birgit Daetz explained the reason for the drop.

More apartments came onto the market during 2026.

At the same time, buyer demand has slowed down.

More choices give local home buyers slightly more room to negotiate.

Despite recent drops, Copenhagen property remains expensive for local buyers.

Prices are still 15.7 percent higher than one year ago.

The average price stands at 75,414 Danish kroner per square meter.

Meanwhile, prices in Aarhus rose by 3.7 percent in September.

That was the third-largest monthly increase in Aarhus since 2011.

The average price reached 50,649 Danish kroner per square meter there.

A 100-square-meter apartment in Aarhus now costs over 5 million Danish kroner.

Prices in Aarhus jumped 23.3 percent over the past year.

Nordea economist Lise Nytoft Bergmann called the growth in Aarhus extraordinary.

However, she warned that prices will eventually hit a ceiling.

Nationwide apartment prices stayed unchanged in September.

Danish house and holiday home prices grew by 0.3 percent overall.

This news was originally reported by CPH Post.