Imofolio

Aalborg · report

Renovation in Aalborg

In 2025, 12% of the homes added came from existing buildings rather than new ones.

Homes from existing buildings, 2025
12%

Homes finished in Aalborg, by type of work

Dwellings completed each year in new buildings, by extending buildings and by converting them. Statistics Denmark.

  • Conversions
  • Extensions
  • New buildings
Show the numbers
YearNew buildingsExtensionsConversionsTotal
20256801879777
20241,569921461,807
20231,45149461,546
20221,306118401,464
20211,44543621,550
20202,7392133943,346
20192,48372892,644
20181,8623091132,284
20171,2731541941,621
20161,123239861,448
20155405850648
20141,357985632,018
20131,295271821,504
201295045371,032
201147513171659
20101181312143
2009560246590
20081,15120131,184
20071,2045611,270
2006763811782

Statistics Denmark counts dwellings, so renovation that adds no dwelling is not counted. A conversion turns part of a building, or a whole one, into homes.

Other reports for Aalborg

Asking prices have an 80% chance of landing between DKK 17,344/m² and DKK 19,547/m² by September 2027.

Expected, September 2027
DKK 18,446/m²
Chance of a rise
62%

At the average sale price of houses, a 90 m² home costs DKK 1,466,820. With 10% down and a 30-year mortgage, the payment is DKK 6,288 a month. Denmark sets no cap on the payment; lenders treat debt above four times gross income as high.

Payment, two incomes
13%
Payment, one income
27%

Houses sold in Q2 2026 had first been offered at 5.8% more than they fetched. A year ago the gap was +6.1%.

Gap today
+5.8%
Change in a year
−0.3 pp

58.4% fewer homes were licensed for construction in the last 12 months than in an average year of the past decade.

Licensed, 12 months
764
Per 1,000 residents
3.4

Asking prices have fallen by 3% or more 6 times since 2004. The deepest began in July 2008.

Deepest fall
−16.6%
Recovery from the low
62 months

In 2025 the population grew by 1,453 while 777 homes were finished: 1.9 new residents for every new home.

New residents per new home, 2025
1.9
Population change, 2025
+1,453

7.0% of the 125,257 homes registered on 1 January 2026 had nobody living in them.

Empty, 2026
7.0%
Empty homes
8,742