Odense__Locations_Online_MR19

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Location descriptions | Odense – Market Report 2019

In brief Odense property market Introduction Odense has experienced sustained population growth for more than a decade. Since 2010, the population has increased from around 189,000 to some 202,500, corre- sponding to a population growth of 7.2%, exceeding the national growth rate by 2.7 percentage points. According to Statistics Denmark, the population growth is expected to continue, albeit at a slower pace. By 2040, Odense is predicted to house some 19,000 additional residents, corresponding to a population growth of 9.2%, 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 elderly people have a strong preference for central living with easy access to public transportation. 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.