In the housing market, prices have risen, but with considerable regional differences. Combined with population growth, the very low level of interest rates contribute to pushing up prices in the cities, especially in the Copenhagen area. The recovery in Copenhagen gradually seems to be spreading to its environs, which will presumably dampen price pressures and give the supply more time to catch up.
In some areas of Denmark, house prices are still falling and turnover is low. There is also an overrepresentation of enforced sales. The population is shrinking in these areas and GDP growth is low, and there are no immediate signs that this will change. The regional problems in the housing market cannot be solved by the mortgage credit system.