Housing prices
Less expensive homes, lower costs of living and better value for money regarding living standards have more than quadrupled the Danish migration flow from Öresund DK to Öresund SE since The Øresund Bridge opened in 2000. Housing prices in the Capital Region of Denmark have been higher than other parts of the Öresund region since the second half of the 1990s but since 2005 the price differences compared to other areas have increased markedly. Between the first quarter of 2005 and the fourth quarter 2006 the price for one- or two-dwelling houses increased in the Capital Region of Denmark by 48 percent on average while only by 29 percent in south-west Skåne and Region Sealand.
- One- or two-dwelling houses: Average square metre price by region, 1st quarter 1996 – 2nd quarter 2007 (current prices EUR per m2)
Source: Association of Danish Mortgage Banks and Värderingsdata AB
The average price increased by 21 percent in other parts of Skåne during the same period. During the first half of 2007 housing prices began to fall in the Capital Region of Denmark but the price differences are still very large compared to other areas. The average price per square metre for a single dwelling building in the Capital Region of Denmark during the second quarter of 2007 was EUR 3 190, which can be compared to EUR 2 260, the average price per square metre for a detached dwelling in south-west Skåne and about EUR 1 900 in Region Sealand. When comparing average prices in Copenhagen and Frederiksberg municipalities with Malmö municipality, differences were just as great. In the second quarter of 2007, the average price for a single family house in Copenhagen and Frederiksberg was EUR 3 850 while the average price in Malmö was EUR 2 600. Prices for one- or two-dwelling houses in Region Sealand and areas of Skåne have not at all increased in the same way as those of in the Copenhagen-Malmö area.
