Colliers Denmark Market Report 2024

38

RESIDENTIAL - COLLIERS MARKET REPORT 2024

People moving from expensive housing in Copenhagen

1,489

. 4

-130 AALBORG

Net in-migrants

. 2

943

Net out-migrants

472

Population growth

RANDERS

6,306

2,042

1,057

885

SILKEBORG

AARHUS

10,289

. 1

2,037

787

HORSENS

999

1,889

290

527

. 5

ROSKILDE

COPENHAGEN 1

VEJLE

984

-6,644

126

. 3

1,784

KOLDING

-301 ODENSE

CASE CPH

Note: Population growth, selected cities, Denmark. Population growth = Birth surplus + Net-migrants + Net-immigrants, where Birth surplus = Number of live births - Number of deaths, Net In-migrants = In-migrants - Out-migrants and Net In-migrants = In-migrants - Out-migrants, 2022. 1 Including Frederiksberg. Source: Statistics Denmark, Colliers

Migration patterns to and from major towns and cities are often influenced by the national economy and the economy of individual households. In 2006, just before the financial crisis broke, the three largest cities expe rienced net migration to neighbouring municipalities. Housing in Copenhagen, Aarhus and Odense had risen sharply in price, so many people moved out of the cities to get a bigger and better home than they could other wise afford. By 2011, housing prices in major cities had fallen in the wake of the financial crisis, and the migration

pattern was the opposite: with lower housing prices, there was now a preponderance of citizens moving to the large towns and cities and the more affordable housing there. Throughout 2022 and 2023, the biggest relocation traffic has again been away from the large towns and cities. This is due to the price increases triggered by the corona crisis in the housing market. Simply put, because Danes were unable to travel abroad, many people started look ing at (and buying) new homes.