Focus report Aarhus - Colliers Denmark 2024

RESIDENTIAL - COLLIERS FOCUS REPORT AARHUS 2024

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Rising property prices in changing times After more than a decade of rising prices, the tide turned in the ownership housing marked due to record-high inflation, stricter financial requirements and higher costs, with the prices of owner-occupied apartments dropping by up to 10% in H2 2022. However, the trend was short lived, as 2023 showed moderate increases in the average square metre prices of owner-occupied apartments. The increase is believed to be due to, among other things, ris ing real wages and a low proportion of owner-occupied apartments versus rental housing in the city. In addition, there were signs of increased activity due to the prospect of increased taxes on purchases after the turn of the year 2023/2024.

The lack of owner-occupied apartments has also received political attention, as the City of Aarhus wants to make it easier to own your own home rather than rent. The City of Aarhus has therefore asked the government for help, and the government has looked at various options, such as requiring owner-occupied apartments in new construction to increase the supply of owner-oc cupied housing and promoting the possibility of mixing owner-occupied apartments and rental apartments in the same building.

-4%

Realised selling prices

-5%

42%

Units for sale

Laydays

Note: Development between Q3 2022 and Q3 2023, owner-occupied apart ments in the City of Aarhus. Source: Finans Danmark, Colliers