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The reforms to the Danish home buying and selling process have been widely welcomed by professionals and consumer representatives who assess that the reforms have improved the efficiency of the housing market. The latest figures show that there were 79,543 sales completed in 2004 as against 77,455 in 1996 (the year before the reforms were introduced). House prices have increased by 73 per cent. in Denmark during the period 1997 to 2005, compared to a 166 per cent. rise in Britain during the same period.