the danish property market the danish property federation

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

info@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