After 10 years of continuous growth of the house prices, they are finally going down. In 2023, they are expected to go down 5% on average. Of course, it varies wildly between the 98 municipalities. The price has gone down as much as -17,8% already this year in Morsø (North Denmark). Check the map here.
- There is a downside to buying a house now. The high interest rates for the bank loan. So if you have the cash go for it, if not try to balance the lower price with the higher cost of your bank loan and see if it’s worth it.
