Copenhagen apartment prices fell 1.1 percent in October 2026, the third monthly drop in a row, according to figures from the housing portal Boligsiden. The average discount on an 80 square metre apartment is now close to 170,000 kroner.
The decline was reported by TV 2 on November 10, based on newly published numbers from Boligsiden. Copenhagen is the only major Danish city where owner-occupied apartment prices are currently falling.
Birgit Daetz, communications director and housing economist at Boligsiden, notes that prices have pointed downward for three straight months. As stated by Daetz, this is happening at a time of year when prices have previously risen. A sharply growing supply of listings confirms that the Copenhagen market is changing, TV 2 writes.
74,638 kroner for one square metre
One square metre of an owner-occupied apartment in Copenhagen cost 74,638 kroner in October 2026. That is still 12.3 percent more than a year earlier, when records were being set month after month. Only Frederiksberg is more expensive, at 82,751 kroner per square metre in October.
In Aarhus, by contrast, a square metre cost 51,443 kroner, and prices there are still climbing. Per Daetz, Aarhus apartment prices have risen 23 percent in a year, driven by low supply and strong demand. Boligsiden reports that roughly every fourth apartment for sale in Aarhus is sold above the asking price.
The downturn in the capital began earlier in 2026. In a press release from October 13, 2026, Boligsiden reported a 1.0 percent monthly fall in September, with the average at 75,414 kroner per square metre. Boligsiden attributed that decline to substantially higher supply and weaker buyer demand, and said prices were still 15.7 percent higher than in September 2025.
Larger discounts and a weaker seller position
Asking prices in Copenhagen remain high. At the start of November 2026 the average asking price was 79,708 kroner per square metre, equal to 6.38 million kroner for an 80 square metre apartment, according to figures published by Boligsiden. But the gap between asking price and sale price is widening.
In October 2025, the average discount on an 80 square metre Copenhagen apartment was below 45,000 kroner. According to Boligsiden’s market index, it is now approaching 170,000 kroner. Brian Friis Helmer, private economist at AL Sydbank, told TV 2 that buyers hold better cards and that there is more to choose from in Copenhagen than a year ago.
Helmer expects Copenhagen apartment prices to keep falling in the coming period, but would not estimate by how much. As noted by Helmer, higher interest rates weigh heavily when financing a multi million kroner home, higher energy prices add pressure, and property taxes in Copenhagen are set to rise in the new year. He also said trying to time the market is completely impossible, and that the decisive factor should be whether the need for a home is there.
What the Copenhagen price fall means for foreign residents
An ejerlejlighed is an owner-occupied apartment, the most common type of purchase in Copenhagen. Danish listings show an udbudspris, the asking price, while the nedslag is the discount agreed before signing. The widening gap reported by Boligsiden is the measure that matters when buying an apartment in Copenhagen, because negotiation room is now larger than in October 2025.
For internationals weighing renting against buying property in Denmark, the sourced picture is mixed. Prices are falling month to month, yet they remain 12.3 percent above October 2025 levels, and asking prices are still near 80,000 kroner per square metre. Helmer named higher property taxes in Copenhagen from the new year as one pressure point, but the size of any further fall is not known.
