Market Report 2022

Colliers Market Report 2022

65

Hotel Industrial/logistics Retail Residential Of f ice

among the main factors dampening the propensity to spend, although housing prices climbed, and incomes were stable. Once the first lockdown had ended, consumer confidence gradually rebounded, in Q3 2021 in fact exceeding the pre COVID-19 level. On the heels of the renewed restrictions just before year-end 2021, consumer confidence weakened again, albeit not on the scale seen in connection with the first lock

down. In this context, it is important to point out that mainly private households already subscribe to a more positive out look for their financial situation in 12 months from now com pared with end-November 2021, suggesting that the popula tion is confident that the negative effects of the lockdown will only be short-lived.

Following a recovery in 2021, consumer confidence was dampened by renewed restrictions

10 15 20

0 5

-20 -15 -10 -5

12

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21

Consumer confidence indicator

Financial situation of the household over the next 12 months

Source: Statistics Denmark