Quarterly house price to income ratio in Denmark 2012-2022

The house price ratio in Denmark fluctuated between 2012 and 2022. The ratio measures the development of housing affordability and is calculated by dividing nominal house price by nominal disposable income per head, with 2015 set as a base year when the index amounted to 100. Denmark's index score in the third quarter of 2022 amounted to 114.7, which means that house price growth has outpaced income growth by almost 15 percent since 2015. The most expensive apartments within the Nordic region seemed to be in Stockholm, Sweden in 2022. Copenhagen was second in the ranking, followed by Oslo.

 How do Danes choose a housing location?

   The leading reason among Danes when choosing housing area was being close to nature. Second most important factor seemed to be the accommodation size, as well as proximity to the city, and rental prices. All the above-mentioned factors were considered important by over 30 percent of the respondents to a 2019 survey.  

 House price rates worldwide

    Portugal was the country with the highest house-price-to-income ratio among selected countries in the world, as of the first quarter of 2022. The Netherlands ranked second and Czechia followed closely.