Higher gas prices can lead to lower house prices in parts of Denmark

Economic Memo - April 2022 - No. 4

Authors Ingholt, Marcus Mølbak; Møller, Niels Framroze
Subject Housing finance; Inflation, wages and prices; Climate
Type Economic Memo
Year 2022
Published 8 April 2022
Abstract icon The price of natural gas has risen significantly since the summer of 2021. Higher heating costs may put downward pressure on homes heated with gas. Seen in isolation, the average price drop will be DKK 73,000 for a house with gas, if the gas price develops in line with the expectations of financial markets. (Memo available in Danish only).