New figures from Boligsiden show a sharp drop in home sales in Copenhagen in July 2026, prompting Nordea housing economist Lise Nytoft Bergmann to warn that prices in the capital could start falling.
DR reports that the newly published transaction statistics from Boligsiden cover July 2026. In the area known as København By, which covers the municipalities of Copenhagen, Frederiksberg, Dragør and Tårnby, sales fell 35 percent compared with June.
Measured against July 2025, the number of homes sold in those municipalities was down by about a fifth. According to calculations by Bergmann, cited by DR, the Copenhagen house market is now sending signals that are hard to ignore. She writes that the figures could mean falling prices in the period ahead.
The picture is similar for owner-occupied flats. A total of 407 flats were sold in Copenhagen Municipality in July 2026, against 675 in July 2025.
Historically low activity
Bergmann has reviewed all 187 months for which Boligsiden holds statistics. In 146 of those months, house sales in the capital were higher than in July 2026 once adjusted for seasonal variation, DR reports.
TV 2 puts numbers on the fall in the flat market. Based on the same Boligsiden data, the broadcaster reports that flat sales in Copenhagen dropped 24 percent from June to July 2026. Compared with July 2025, the decline was 40 percent.
Per Bergmann’s written assessment, cited by TV 2, the level of 407 transactions places the Copenhagen flat market very close to the point where the historical data starts blinking red. She told DR that the risk of actual price falls in the capital has risen markedly.
She also stresses that this does not mean Copenhagen faces a housing crash. As reported by DR, she points to high employment, generally solid household finances and a limited number of owner-occupied homes in the capital.
Different picture outside the capital
While Copenhagen and Frederiksberg show what Bergmann calls blinking red lights, she describes continued activity in Aarhus and Odense. According to her analysis in DR, Copenhagen led the market last year, but the roles have now been reversed.
Nationally, total home sales fell from 5,705 in June 2026 to under 5,000 in July. Bergmann describes this as a normal seasonal slowdown, noting that many Danes spend July on holiday rather than at viewings and bank meetings.
Boligsiden’s own statistics support that reading. The July 2026 result is the third-highest July figure in the history of the series, surpassed only by 2020 and 2025. Birgit Daetz, communications director and housing economist at Boligsiden, says activity is spreading geographically, with the strongest house trading now in areas away from the largest cities.
Ekstra Bladet reported on August 18, 2026 on early, small price drops in several Copenhagen postcodes, citing Bergmann’s assessment of the same July figures.
