the danish property market the danish property federation
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The Danish Property Market
The Danish Property Federation
2 www.ejendomsforeningen.dk
Building Stock
Source: The Danish Property Federation Market StatisticsNote: 2014
3 www.ejendomsforeningen.dkSource: The Danish Property Federation Market StatisticsNote: October 2015
Property Investment Market
4 www.ejendomsforeningen.dkSource: The Danish Property Federation Market StatisticsNote: 2015 and 2008
Dwelling Stock divided into Types of Ownership
2015 2008
Average annual
percentage change
Absolute change
Percent
Count in 1,000
Count in 1,000 Percent Count
Owner Occupied dwelling 50.4% 1,404 1,423 -0.2% -19,151
Housing society dwelling 7.3% 204 200 0.3% 3,894
Social rental housing 18.7% 522 516 0.2% 6,318 Private rental housing 19.1% 533 437 2.9% 96,456
- Small rental service 11.1% 309 218 5.1% 91,136 - Professional rental service 8.0% 224 219 0.3% 5,320
Public ownership 1.9% 54 53 0.2% 770
Unknown 2.5% 70 82 -2.3% -12,340
Total 100.0% 2,787 2,710 0.4% 76,947
5 www.ejendomsforeningen.dkSource: The Danish Property Federation Market Statistics, IPD Danish Property Index and Oline-ED Statistics Note: January 1988 to October 2015 Data break between October 2013 and January 2014 due to differences in methodology
Economic Vacancy for Office
6 www.ejendomsforeningen.dk
Economic Vacancy Rates
Source: The Danish Property Federation Market Statistics, IPD Danish Property Index and Oline-ED Statistics Note: January 2000 to October 2015 Data break between October 2013 and January 2014 due to differences in methodology
www.ejendomsforeningen.dk/EDMT
7 www.ejendomsforeningen.dkSource: Statistics DenmarkNote: 1981 to 2015
Dwellings without Person Registration
8 www.ejendomsforeningen.dkSource: Statistics DenmarkNote: 1949 to 2014
Started Construction
9 www.ejendomsforeningen.dkSource: Statistics DenmarkNote: 1949 to 2014
Investment Property sold
10 www.ejendomsforeningen.dkSource: Statistics DenmarkNote: January 1992 to April 2015 The indices are based on nominal prices
Investment Property Prices
11 www.ejendomsforeningen.dkSource: 1971-1995: Danmarks Nationalbank and Statistics Denmark 1995-2014: The Association of Danish Mortgage Banks Note: 1971 to 2014
Real Price Index for Detached Houses
12 www.ejendomsforeningen.dkSource: The Association of Danish Mortgage BanksNote: January 1995 to July 2015
Net Lending by Mortgage Banks
13 www.ejendomsforeningen.dk
Rent and Residential Property Prices Relative to the Wage Rate Development
Source: The Association of Danish Mortgage Banks and Statistics DenmarkNote: January 1995 to April 2015
14 www.ejendomsforeningen.dkSource: Sadolin & AlbækNote: October 2015 The DKK/EUR exchange rate is 746
Rent Levels for Commercial Property in Greater Copenhagen
Minimum Rent (euro/sqm.)
Maximum Rent (euro/sqm.)
Office
147
241
Retail
1,139 3,083
Industrial 44 77
15 www.ejendomsforeningen.dkSource: Oline-ED Statistics and Sadolin & AlbækNote: January 1997 to October 2015
Rent Level and Vacancy for Offices in Copenhagen
16 www.ejendomsforeningen.dkSource: Knight Frank Research og Real Capital AnalyticsNote: 2014
Prime Office Rents in Europe
17 www.ejendomsforeningen.dkSource: The Ministry of Social WelfareNote: 2007 and 1995 The rent level includes rent for the cost driven tenancies
Rent in Private Rental Housing Period: 1995 and 2007
Rent Rent movements 1995-
2007 percentage.
2007Average annual m2-rent
(euro)
1995Average annual m2-rent
(euro)
”Identical property”Average annual increase
Copenhagen 81.8 53.3 3.1
Frederiksberg 77.9 51.1 3.3
Odense 91.4 50.9 3.1
Esbjerg 79.4 50.9 3.5
Aarhus 104.2 62.1 3.8
Aalborg 87.5 57.5 3.3
18 www.ejendomsforeningen.dkSource: The Danish Property Federation, IPD Danish Property Index and Sadolin & AlbækNote: 1985 to 2014
Real Total Return
19 www.ejendomsforeningen.dkSource: The Danish Property Federation Market Statistics and IPD Danish Property IndexNote: October 2015
The Danish Property Federation Market Statistics – Consensus Forecast
2015 2016 2017 2015-2019
Total return (%) 5.5 5.6 5.7 5.6
Change (quarterly) 0.1 0.0 0.0 0.0
Change (yearly) 0.2 0.0 New New
Total return for investment properties. 2000 to 2014 shows the total return of IPD Denmark Annual Property Index. 2015 to 2017 shows the average of the replies from the Consensus Forecast. 50 percent of the replies lie within the blue lines.
www.ejendomsforeningen.dk/EDF
20 www.ejendomsforeningen.dk
Income Return and Capital Growth
Source: IPD Danish Property IndexNote: 2014
21 www.ejendomsforeningen.dkSource: Statistics DenmarkNote: 2015
Reimbursement Duty Rate in Danish Municipalities
22 www.ejendomsforeningen.dkSource: The Landsowners´ Investment FoundationNote: 2015
Municipalities where the Rent Control Act applies
www.ejendomsforeningen.dk
www.ejendomsforeningen.dk
Phone number: +45 33 12 03 30
The Danish Property FederationHavnegade 4DK-8000 Aarhus C
Nørre Voldgade 2DK-1358 København K