ejendomsforeningen danmark the danish property market
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Property Investment Market 2008 Source: IPD Danish Property Index Note: Measured by capital valueTRANSCRIPT
Ejendomsforeningen Danmark
The Danish Property Market
www.ejendomsforeningen.dk
Building Stock 2008
Source: Statistics Denmark and Danish Property Federation
www.ejendomsforeningen.dk
Property Investment Market 2008
Source: IPD Danish Property Index Note: Measured by capital value
www.ejendomsforeningen.dk
Vacancy for Residential and Commercial Property 1988-2009
Source: Oline-Lokalebørs Statistikken and Statistics Denmark
www.ejendomsforeningen.dk
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
www.ejendomsforeningen.dk
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
www.ejendomsforeningen.dk
Rent and Residential Property Prices relative to the Wage Rate developments 1995-2008
Source: Realkreditrådet and Statistics Denmark
www.ejendomsforeningen.dk
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
www.ejendomsforeningen.dk
Total office occupancy costs,
2008
Source: DTZ Research
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Rent Level for High Street Retail 2005
Source: CEPI
0
50
100
150
200
250
300
350
400
450
500
550
Ank
ara
Am
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dam
Ljub
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Rig
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Mad
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Hel
sink
i
Buk
ares
t
Wie
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Rom
Luxe
mbo
urg
Ber
lin
Bud
apes
t
Bru
xelle
s
Køb
enha
vn
Par
is
Osl
o
Dub
lin
Mon
thly
Ren
t (eu
ro/s
q.m
.)
www.ejendomsforeningen.dk
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