ejendomsforeningen danmark the danish property market

Ejendomsforeningen Danmark

The Danish Property Market

www.ejendomsforeningen.dk

Building Stock 2008

Source: Statistics Denmark and Danish Property Federation

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Property Investment Market 2008

Source: IPD Danish Property Index Note: Measured by capital value

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Vacancy for Residential and Commercial Property 1988-2009

Source: Oline-Lokalebørs Statistikken and Statistics Denmark

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1981 2007 Percent Count in 1.000 Percent Count in 1.000 Owner-occupied dwelling

56 1.217 52,6 1.410 Occupied

54 1.174 49,2 1.318

Vacant

2 43 3,4 92

Housing society dwelling 1 22 7,1 190 Social rental housing 17 370 20,6 554

Public regulated 15 326 18,9 508 Private establishments 2 44 1,7 46

Private rental housing 23 500 15,3 410 Small rental service 9 195 8,7 234 Professional rental service 14 305 6,6 176

Unknown and public ownership 3 65 4,4 118 Total 100 2.174 100,0 2.684

Dwelling Stock divided into types of ownership in 1981 and 2007

Source: Statistics Denmark and own calculations (see Huset march 2008)

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Dwellings without Person Registration 1981-2008

Source: Statistics Denmark

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Total Construction 1982-2007

Source: Statistics Denmark – statbank.dkNote: Measured as started construction

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Sold Investment Properties 1992-2007

Source: Statistics Denmark – statistikbanken.dk Note: Commercial: Excluding factories

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Prices on Investment Properties 1992-2008

Source: Statistics Denmark – statistikbanken.dkNote: Commercial: Excluding factories

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Real Price Index for One-family Houses1971-2008

Source: Statistics Denmark – statbank.dk, Danmarks Nationalbank

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Rent and Residential Property Prices relative to the Wage Rate developments 1995-2008

Source: Realkreditrådet and Statistics Denmark

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Minimum Rent (euro/sq.m.)

Maximum Rent (euro/sq.m.)

Office

160

247

Retail

933 2533

Industrial 57 80

Rent Levels for Commercial Property, Greater Copenhagen 4. Quarter 2008

Source: Sadolin & Albæk

Note: Rate of exchange is 750

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Vacancy and Rent Level for Offices 1997-2009

Source: Sadolin & Albæk and Oline-Lokalebørs Statistikken

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Total office occupancy costs,

2008

Source: DTZ Research

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Rent Level for High Street Retail 2005

Source: CEPI

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150

200

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Rent Levels for Residential Property 2008

Source: Danish Property Federation

Note: The Rent level is based on new Residential Property, radically renewed Property and Property regulated by the rental value. The Rente level is exclusive Rent for the cost driven tenancies.

Minimum Rent

(euro/sq.m.)

Average Rent (euro/sq.m.)

Maximum Rent (euro/sq.m.)

Copenhagen Bridges and Frederiksberg

82 137 265

Copenhagen CBD 107 133 172North of Copenhagen 83 140 230Southwest of Copenhagen 35 118 146Aarhus 93 122 152The Triangle Region 64 103 142

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Rent in private rental housing, 1995 and 2007

Rent Rent movements 1995-

2007 percentage.1995

Average annual m2-rent (euro)

2007Average annual m2-rent

(euro)

”Identical property”Average annual increase

Copenhagen 53,1 81,3 3,1

Frederiksberg 50,8 77,5 3,3

Odense 50,7 90,9 3,1

Esbjerg 50,7 78,9 3,5

Aarhus 61,7 103,6 3,8

Aalborg 57,2 87,1 3,3

Source: Ministry of Social WelfareNote: The Rent level is inclusive Rent for the cost driven tenancies.

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Average Monthly Rent for a 2 bedroom Apartment 2005

Source: CEPI

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Gross Return on Residential 2005

Source: CEPI and Danish Property Federation

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Market Rental Growth (%)

Source: IPD Danish Property Index

2001 2002 2003 2004 2005

2006 2007

Retail 4,5 4,4 2,2 1,3 3,0

2,0 7,5

Office 4,1 0,9 0,3 -2,5 0,7

2,1 2,9

Residential

3,9

2,4

3,7

3,0

3,3

0,8

3,5

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Real Total Return 1985-2008

Source: IPD, Sadolin & Albæk, and Danish Property Federation

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Income Return and Capital Growth 2008

Source: IPD Danish Property Index

info@ejendomsforeningen.dkwww.ejendomsforeningen.dk

Telefon: 33 12 03 30

Ejendomsforeningen DanmarkNørre Voldgade 2

1358 København K