Colliers København Delrapport 2023 UK

5

Intro

In recent years, Copenhagen has attracted substantial worldwide acclaim, for instance on the architectural scene, as UNESCO has named the city World Capital of Architecture 2023. The same applies to the global gastronomical scene as the city can muster all of 14 Michelin-starred restaurants, including Geranium and Noma, recently named the world’s best and second-best restaurant, respectively, both boasting 3 Michelin stars. Moreover, Copenhagen is northern Europe’s economic growth centre, reflected e.g. in the number of global organi sations with head offices in Copenhagen, and reflected also in solid demand in the property investment market, with foreign investors accounting for the largest share of transac tion activity. Shift in demographic trends Over the past decade, Copenhagen 1 has seen strong popula tion growth of approximately 11%, equalling an annual nom inal increase by some 13,500 inhabitants. Population growth has been the strongest in Copenhagen proper (Københavns by 2 ), driven mainly by 25-29 year-olds. Copenhagen environs Copenhagen is the capital of Denmark and also the largest urban area with approx imately 1.4 million inhabitants across 18 municipalities. At the centre lies the City of Copenhagen, with more than 650,000 inhab itants the most highly populated municipal ity, having almost twice as many inhabitants as Denmark’s second-largest municipality, the City of Aarhus. Copenhagen remains Denmark's dynamo

Copenhagen Local market report to Colliers Market Report 2023

1 Copenhagen in this context denotes Copenhagen proper (Københavns by) and Copenhagen environs. 2 Defined as Copenhagen, Frederiksberg, Dragør and Tårnby.

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