Colliers Denmark Market Report 2024

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RESIDENTIAL - COLLIERS MARKET REPORT 2024

The rental market continues to become more attractive in view of rapidly growing owner-occu pied housing costs and an increased focus on flex ibility. Stronger demand for rental housing and slowing newbuilding support prospects of rising rent levels in Greater Copenhagen and decreasing vacancy rates in regional growth cities. Rising interest rates and general uncertainty in the invest ment market have put a damper on the volume of residen tial property transactions in 2023. The volume of new projects and construction has also decreased despite a growing popu lation. Investors remain hesitant, whereas investment capital is still available. Residential summary

TRANSACTION VOLUME DKK BILLION

18

9

DENMARK

GT. COPENHAGEN

Residential transaction volume in Denmark, hereof in Greater Copenhagen, DKKbn

SHARE OF TOTAL TRANSACTION VOLUME

41 % DENMARK 38 % GT. COPENHAGEN

Residential’s share of total transaction volume, Denmark and Gt. Copenhagen, respectively, %.

Yield requirements on the rise in 2023 on prime and secondary space alike

6%

SHARE OF FOREIGN INVESTORS

5%

4%

3%

2%

1%

36 %

50 %

0%

14

15

16

17

18

19

20

21

22

23

24

Prime

Secondary

DENMARK

GT. COPENHAGEN

Note: Based on transaction volume for residential in 2023, Denmark. Source: Colliers

Note: Net initial yields, residential, Copenhagen. Source: Colliers