1930s villas the hottest on the real estate market

1930s villas the hottest on the real estate market

Villas from the 1930s have the highest sales price and the shortest turnover time, according to new statement.

In a new survey www.boligportal.dk has compared the year of construction with price and turnover time of all villas on the real estate market in Denmark to determine which homes are the most popular among buyers.

- It is undoubtedly the villas from the 1930s that are the most popular right now. They are sold to the highest square meter prices and do also have the shortest turnover time on the real estate market, says Henrik Loevig, CEO of Boligportal.dk.

New villas interfering in the top

The general picture of which homes are most popular, are somewhat mixed. In the top of the top 10 list of average selling prices compared with residential construction year are both the oldest and newest homes represented.

Villas from 1930 ranks first with a square meter price of 14,504 Danish kroner or almost 1,500 Danish kroner more per square meter than villas from the 2000s who ranks second. Villas from the 1990s is number three with a price of 12,842 Danish kroner per square meter.

- The survey indicates that buyers of the most popular houses on the real estate market are divided into two groups. One group wants an older home with history and soul, while the second group of buyers wants a new, modern and presumably maintenance free home, says Henrik Loevig, CEO of Boligportal.dk.

New houses have the longest turnover time

Despite the high sales prices of villas from the 1990s and 2000s the turnover time for these homes is the longest ever.

- It is presumably due to the prices that the turnover time of the villas from the 1990s and 2000s is much longer than the turnover time of the villas from the 1930s. Often it is harder to compromise on the price of relatively newly constructed houses. Therefore, it takes a little longer to sell the houses constructed in the 1990s and 2000s, says Henrik Loevig, CEO of Boligportal.dk.

The turnover time for villas constructed in the 1990s and 2000s is respectively 286 and 323 days. The turnover time for villas from the 1930s is the shortest among the villas on the real estate market. Their turnover time is on average 217 days.

More information: Henrik Loevig, Boligportal.dk, phone: 61 79 94 31

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