Houses in Tórshavn now cheaper than in 2017

12.03.2019 - 11:36
Aktuelt
Houses in Tórshavn now cheaper than in 2017
Elsewhere in the country, especially in the Skálafjørður region, prices have gone up
House prices in the capital have been on a steady rise since 2012, but now the price hike appears to have come to a halt
 

A residential house in Tórshavn is now slightly cheaper than in 2017.

The rest of the country has, on average, seen rising house prices in the same period.

This is the crux of the Economic Council’s spring report.

Higher demands

According to the report, house prices in the capital dropped slightly from 2017 to the third quarter of 2018.

This is partly the result of banks increasing their loan demands.

Outside of the capital region, the average residential house price has risen by DKK 230,000 compared with 2017.

Abrupt change in price difference

In 2006, the difference between house prices in Tórshavn and in the rest of the country saw a quick hike.

A price difference of roughly DKK 1 million remained relatively stable for the next ten years, until the difference reached DKK 1.5 million in 2016.

This difference has since dropped slightly, according to the new report.

Translated by prosa.fo

 
Nýggjastu sendingar í ÚV
Hósdag 23. mai
Nón - 23.05.19
94813
Hósdag 23. mai
Góðan morgun Føroyar 23. mai 2019
94803
Hósdag 23. mai
Jazzofonin: Alex Riel, 2. partur
94775
Hósdag 23. mai
Morgunlestur hósdagur 23. mai 2019
94655
Mikudag 22. mai
Nón - 22.05.19
94793
Nýggjastu sendingar í SV
Hósdag 23. mai
Andglettur - Framsókn
94822
Mikudag 22. mai
Minnist tú enn? (11:13)
23373
Mánadag 20. mai
3-2
94700
Sunnudag 19. mai
Andakt við Pól í Skorini
94638