Odense Locations MR2020

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Location descriptions | Odense – Market Report 2020

In brief Odense property market

Introduction The City of Odense (i.e. the municipality) has experienced sustained population growth for more than a decade. Between Q1 2010 and 1 October 2019, the population increased from around 189,000 to some 205,300, corresponding to population growth of 8.6%. According to Statistics Denmark, the population growth is expected to continue, albeit at a slower pace. By Q1 2029, the City of Odense is predicted to have seen population growth of 4.6%, with a rising share of young families and elderly people. This prediction underlines two general demographic trends: An increasing number of young families are opting to stay in the city instead of moving to the suburbs as was previously the norm. Similarly, but at the other end of the age spectrum, an increasing number of 50-70-year-olds have a strong preference for central living with easy access to public transport. Typically selling their single-family houses or villas in the suburbs to move to rental accommodation in the central city districts, today’s elderly mostly enjoy good health and have a strong appetite for the city’s cultural offerings.