MR 2018

87

Copenhagen Property Market Report 2018

Combined with higher uptake numbers at the other educational institutions in general, this has fuelled the demand for student-friendly housing. We believe, however, that many new graduates will have the sufficient financial means and inclination to rent a flat on their own, whereas some students will continue to demand studio flats/bedsits if not prepared to co-habit with other students in large flats or in residence halls. Furthermore, the increasing number of single-person households will fuel the demand for centrally located studio flats in Aarhus, in particular in the city centre but also in the development areas near the light rail outside ring road O2.

However, we still maintain that the virtually insatiable appetite for small, sharing-friendly flats near educational institutions and the city centre will continue.

Demographics in Denmark

14%

13%

13%

12%

12%

12%

9%

11%

4%

Skewed age composition

The age composition in Aarhus is rather skewed compared to Denmark in general. 25% are in the age range of 20-29 years, which is almost twice the national average. This is mainly due to the various educational institutions, attracting thousands of new students year after year. Currently 52,000 people study in Aarhus, which corresponds to 15% of the inhabitants. The skewed demographic composition has a great impact on the residential rental market.

Years

0-9

10-19

40-49

50-59

60-69

70-79

+80

20-29 30-39

Demographics in Aarhus

25%

13%

11%

11%

9%

11%

10%

7%

3%

Sources: Statistics Denmark and City of Aarhus

Years

0-9

10-19

40-49

50-59

60-69

70-79

+80

20-29 30-39