Colliers Market Report Denmark 2023

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Colliers Market Report 2023

Brisk activity despite slowdown in mid-2022

Rising interest rates and recession concerns dampened activity in the Danish market for commercial and investment property in H2 2022. Nevertheless, in terms of activity, the year was one of the best years ever. Sustained capital abundance suggests that activity will pick up in 2023 when macroeconomic key indicators and interest rates stabilise and pricing con sensus is restored. In terms of transaction volume, 2022 failed to match the record-breaking year 2021, although it was one of the better years overall in the Danish property market.

Transaction volume climbed to one of the highest levels ever in 2022 despite sluggish H2

120

100

80

60

40

20

0

13

14

15

16

17

18

19

20

21

22

Greater Copenhagen

Denmark, excluding Greater Copenhagen

Note : Transaction volume (DKK billion), investment property, Denmark. Source: Colliers