Colliers Market Report Denmark 2023

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Residential - Colliers Market Report 2023

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The rise in the population count of Denmark’s top-3 cities is driven by a birth-rate surplus (number of live borns exceeds number of deaths) and net immigration from abroad (number of immigrants exceeds number of emigrants), whereas net migration from other municipa lities is slowing. Denmark’s top-3 cities may well have experienced nega tive net migration to other municipalities in the past couple of years, but that is not a rare phenomenon in times of low unemployment and rallying housing prices. The same trend was witnessed in the top-3 cities in 2006

2007, i.e. just before the onset of the financial crisis when unemployment rates were exceptionally low and housing prices skyrocketing. This trend ties in with the fact that periods of rallying hou sing prices make it more difficult for families to find the right amount of space in the cities where prices are the highest, and they therefore move from the cities in pursuit of more affordable space. In Denmark, the moving pat terns of large towns and cities also show that the young are opting for vibrant city living and educational opportu nities, whereas families and senior citizens leave the city.

Project Nacre, Nordhuset, Ørestad, Copenhagen S