Colliers Market Report Denmark 2023

Residential - Colliers Market Report 2023

48

The largest Danish cities continue to grow

Population count on the rise in 9 out of 10 major Danish cities – driven by birth-rate surplus and positive net immigration

56,581

52%

-15% 63%

Total population growth

Birth-rate surplus

Net migration

Net immigration

Note: Population growth in Denmark’s 10 largest municipalities, 2020-2022.

Despite population growth, 2 out of 4 largest urban areas have seen a net outflow of inhabitants

-16,284 1,140 -681

1,821

Copenhagen

Aarhus

Odense

Aalborg

Note: Net inflow and net outflow of inhabitants, Copenhagen (including Frederiksberg), Aarhus, Odense and Aalborg Q1 2020-Q3 2022.

The young are flocking to the largest cities - families moving to the suburbs

Net inflow

Net outflow

15-19 yrs

20-24 yrs

0-4 yrs

30-34 yrs

12%

8,127

22%

37,069

-14%

-12,081

-10%

-12,905

Note: Net inflow and net outflow relative to number of inhabitants in respective age brackets, Denmark’s four largest municipalities, 2020-2021.

Source: Statistics Denmark, Colliers