Colliers Denmark Market Report 2025

43

RESIDENTIAL - COLLIERS MARKET REPORT 2025

HOTEL INDUSTRIAL AND LOGISTICS RETAIL RESIDENTIAL OFFICE

Kalvehaven, Holbæk

certain minimum size and the generally high rent levels mean that it is not always possible to find a home where you can afford to live alone. Given the trend in household size, with 130,000 more sin gle-person households over the past decade, one might intuitively expect new construction to have followed the demand for smaller homes. But surprisingly, when ana lysing the past 10 years of new construction of apart ment buildings and townhouses, the reality shows other wise, as the new supply has been primarily medium- and large-sized dwellings. This general trend is pronounced in the largest municipalities, albeit not in e.g. Aarhus and Aalborg, where there has been a significant increase in

smaller homes, especially in the 50-74 sq m size bracket. It is remarkable that supply has developed in this way, even though there has been a significant increase in the num ber of singles, senior citizens, and smaller households. The fact that there are more smaller households, more people choosing to live alone and an increase in the number of senior citizens creates obvious new opportu nities for residential property developers. These demo graphic changes are not expected to be a short-lived phenomenon, and it is therefore necessary to rethink future residential development to better adapt supply to demographic changes and meet the need for smaller res idential unit sizes.

Newbuilds feature mostly medium unit sizes

Sharp increase in the number of single households

-20,000 0 20,000 40,000 60,000 80,000 100,000 120,000 140,000

-5,000 0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 45,000 50,000

1 pers.

2 pers.

3 pers.

4 pers.

+5 pers.

75-99

<50

50-74

125-149

100-124

150-174

>175

Multi-storey

Row houses

Note: Development (number) in each household size bracket in 2014-2024 across Denmark. For example, in 2024, the number of single households increased by some 130,000 relative to 2014. Source: Statistics Denmark, Colliers

Note: Development (number) in each unit size bracket (interval in sq m) in 2014-2024 across Denmark. For example, in 2024, the number of 75-99 sq m units in multi-storey buildings increased by 44,000 relative to 2014. Source: Statistics Denmark, Colliers