MR 2018

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Copenhagen Property Market Report 2018

European hotspot and strong growth engine

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Copenhagen named the most liveable city in the world.

Denmark’s capital, Copenhagen, was named the most liveable city in the world by magazines Metropolis and Wallpaper in 2016. Similarly, in three out of four annual surveys in recent years, Danes were ranked as the happiest people in the world, based on high scores on e.g. GDP per capita, social support, healthy life expectancy, freedom to make life choices, generosity, and freedom from corruption 1 . Dating back to year 1043, Copenhagen offers an exceptionally rich history of architecture and culture combined with modern city living with outstanding restaurants, cafés and shopping. The city has seen sustained tourism growth for more than seven consecutive years, with an annual tourist count of 10+ million putting Copenhagen in the Scandinavian top-league. Denmark’s premier growth centre Located on the island of Zealand and at the very heart of the Øresund region, Copenhagen is the foremost growth centre of the Capital Region of Denmark, comprising 29 municipalities and 1.8 million inhabitants in total. This region is expected to see population growth of some 18% by 2045, corresponding to 317,000 new residents. Strong population growth is a significant driver in the regional housing and labour markets. In terms of educational level, the Capital Region of Denmark has a high ranking too, with 41% of the region’s residents having completed medium- to long- cycle education relative to the national average of 32%. Danish GDP per capita exceeds the EU average by roughly 25%. In Copenhagen alone, GDP per capita exceeds the national average by 41%, making the city the unrivalled driver of Danish economic growth. Supported by these strong fundamentals, Greater Copenhagen offers ideal framework conditions for attractive property investments. The place to do business The 2017 World Bank survey gave Denmark top ranking as a place to do business in Europe, citing Copenhagen as the main growth locomotive. In addition, Denmark is one of the most digitalised countries in the EU. In combination with a highly skilled labour force and political stability, this makes Greater Copenhagen a European hotspot. As Denmark has one of the most flexible job markets in the world and a minimal corruption rate, the Danish investment climate is one of the most favourable in the world.

2017 World Bank survey gives Denmark top ranking as a place to do business in Europe.

1 Source: “World happiness report 2017”, UN