Colliers Market Report Denmark 2023

54

Residential - Colliers Market Report 2023

Sharp increase in housing burden of first-time homebuyers

Selected locations

End-2021 End-2022

1 Aalborg A 33

42 30

B

30

2 Silkeborg A 33

Aalborg

1

45 32

B

32

3 Aarhus A 48

60 32

B

32

Silkeborg

2

4 Horsens A 28

Aarhus

3

39 33

B

33

Horsens

4

8

Vejle

5

5 Vejle A 28

Copenhagen 1

42 31

Kolding

6

B

31

7

6 Kolding A 26

Odense

35 29

B

29

7 Odense A 37

46 33

A. Ownership-housing burden B. Rental-housing burden

B

33

8 Copenhagen 1 A 54

Note: Rental-housing burden denotes the ratio between payable rent and income, whereas ownership-housing burden denotes the ratio between ownership housing costs and income. In this context, income is the average disposable household income of residents in terraced housing and apartments built post-1992. Rent levels based on average values for residential rental properties subject to open market rent. Similarly, selling prices are based on average values. Calculations are for a residential unit of 80 sq m, assuming an annuity loan composed of 80% mortgage loan and 10% bank loan. In the calculation of ownership-housing burden we have factored in instalments along with maintenance and ownership costs. Source : Finans Danmark, Danmarks Nationalbank, Statistics Denmark, Colliers

68 38

B

38

Note: 1 Including Frederiksberg.