Recent figures from the real estate industry show that house prices nationwide in Denmark rose by 20 per cent in 2005, one of the largest annual increases ever. Demand for houses now exceeds supply as the number of properties on the market has been decreasing since 2003. Prices are highest in the Copenhagen area where the average price of a 150-sqm home in Copenhagen County in November was DKK 4,443,000. The price in neighbouring Roskilde County for the same size house was DKK 2,750,000. The average national price in November was DKK 1,867,000. Real estate agents believe that 2005 was an exceptional year and that the 2006 increases will be smaller.
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