Colliers Denmark Market Report 2025

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COLLIERS MARKET REPORT 2025

Transaction market still weak in 2024, but Q4 saw signs of improvement Continued economic uncertainty and high market interest rates dominated much of 2024 and dampened transaction activity. After the summer, long-term interest rates fell due to anticipated ECB rate cuts and generally less macroeconomic turmoil, fuelling optimism and whetting investor appetite in the final months of the year. This bodes well for 2025.

In Denmark, the transaction volume ended at DKK 52 billion in 2024, which is still low, but some what above the level in 2023, when there was a significant slowdown. 2024 was characterised by significant caution among both buyers and sellers, who were often far apart on price expectations. The first six months of the year in particular were characterised by uncertainty and a wait-and-see attitude among investors.

After the summer, a drop in interest rates and generally less economic turmoil contributed to a gradual revitalisation of the market. Mainly Q4 2024 saw a significant increase in activity levels. The

Continued low transaction volume in 2024

120

100

80

60

40

20

0

15

16

17

18

19

20

21

22

23

24

Greater Copenhagen

Denmark, excluding Greater Copenhagen

Note: Transaction volume (DKK billion) for investment properties in Denmark. The dashed horizontal line indicates the average transaction volume in Denmark in the period 2015-2024. Source: Erhvervsmæglernes Branchedata, Colliers