News

Property investors increasingly avoiding Denmark 

Interest in the Danish market has stagnated in recent years – unlike in neighbouring Norway and Sweden 

Based on new figures from property firm Newsec, the Danish property federation, EjendomDanmark, has warned that investors are increasingly avoiding Denmark.

Since 2017, the transaction volume of property has halved in Denmark – from 90 billion kroner to about 45-50 billion – while developments have gone in the opposite direction in Norway and Sweden.

“The property market is being used as an inexhaustible source for financing, and that changes the basic rules of the game in the market,” said Jannick Nytoft, the CEO of EjendomDanmark.

“The so-called Blackstone intervention and the latest new warehouse tax has immense consequences for, among other things, jobs. This creates insecurity about the market, and the investors are naturally aware of that.”

READ ALSO: Property prices falling a little

Share of Nordic transactions dwindling
In 2017, 26 percent of Nordic property transactions occurred in the Danish market – a figure that has fallen to 17 percent in 2020.

Meanwhile, Sweden’s share has increased from 33 to 48 percent during that same period.

“We need to attract investors so we can develop our buildings and cities. This will lead to not only modern and green housing, but also more jobs and growth,” said Nytoft.

TOP STORIES

  • Ellie Owens (Fleurdellie): “Internationals feel powerless, but soon realize no one wants to kick them out”

    Ellie Owens (Fleurdellie): “Internationals feel powerless, but soon realize no one wants to kick them out”

    Content creator Ellie Owens reveals the struggles and joys of expat life, from navigating a new culture to thriving as a parent in Denmark’s family-friendly society, while building a successful career on social media.

  • Pharma boom sparks Danish economy – yet consumers are worried about Trump

    Pharma boom sparks Danish economy – yet consumers are worried about Trump

    Denmark faces a contradiction. On the one hand, Danish economy is booming, and the pharma industry is contributing to massive investments in increased defense. On the other hand, consumers are very skeptical, even though all indicators should give reason for optimism

  • “Our Copenhagen on islands”

    “Our Copenhagen on islands”

    While local politicians are working on strategies for protecting the city against future flooding, architect groups interested in climate adaptation, are instead trying to re-think the very fundamentals of Copenhagen city planning. One of these groups is Schønherr with their project “Copenhagen Islands”.

  • New agreement secures important school year for international students

    New agreement secures important school year for international students

    It will still be possible for international schools to offer education in the school year corresponding to 10th grade, also called year 11. 10 million each year is allocated to maintain the offer for internationals with children in Danish schools

  • Denmark rearms: 120 billion DKK defense plan presented

    Denmark rearms: 120 billion DKK defense plan presented

    The Danish government is massively increasing investment in defense. According to the Prime Minister, the Chief of Defense must “buy, buy, buy.” A highly unusual announcement from the Prime Minister, who will have to find money for the purchases at some point.

  • Copenhagen under water

    Copenhagen under water

    Copenhagen is facing growing risks from rising sea levels and stronger storms, with large parts of the city potentially flooded in the future. While sea levels themselves will rise by approximately 54 to 74 cm, 500,000 houses and buildings are at risk of being flooded in the next 50 years. Is there a plan to address one of the biggest challenges in the city’s history?

Connect club

Connect Club is your gateway to a vibrant programme of events and an international community in Denmark.

Sign up here

Career

Want to advertise your job with CPH Post?

Contact us

Jobs