The Danish Property Market The Danish Property Federation

Building Stock www.ejendomsforeningen.dk Source: The Danish Property Federation Market Statistics Note: June 2017 www.ejendomsforeningen.dk

Property Investment Market Source: The Danish Property Federation Market Statistics Note: October 2017 www.ejendomsforeningen.dk

Dwelling Stock divided into Types of Ownership Source: The Danish Property Federation Market Statistics Note: 2017 and 2008 www.ejendomsforeningen.dk

Economic Vacancy for Office Source: The Danish Property Federation Market Statistics, IPD Danish Property Index and Oline-ED Statistics Note: January 1988 to October 2017 Data break between October 2013 and January 2014 due to differences in methodology www.ejendomsforeningen.dk

Economic Vacancy Rates www.ejendomsforeningen.dk/english/market-statistics Source: The Danish Property Federation Market Statistics, IPD Danish Property Index and Ejendomstorvet -ED Statistics Note: January 2000 to October 2017 Data break between October 2013 and January 2014 due to differences in methodology www.ejendomsforeningen.dk

Dwellings without Person Registration Source: Statistics Denmark Note: 1981 to 2017 www.ejendomsforeningen.dk

Started Construction www.ejendomsforeningen.dk Source: Statistics Denmark Note: 1949 to 2016 www.ejendomsforeningen.dk

Investment Property sold Source: Statistics Denmark Note: 1949 to 2016 www.ejendomsforeningen.dk

Investment Property Prices Source: Statistics Denmark Note: January 1992 to October 2017 The indices are based on nominal square meter prices www.ejendomsforeningen.dk

Real Price Index for Detached Houses Source: 1971-1995: Danmarks Nationalbank and Statistics Denmark 1995-2015: The Association of Danish Mortgage Banks Note: 1971 to 2016 www.ejendomsforeningen.dk

Net Lending by Mortgage Banks Source: The Association of Danish Mortgage Banks Note: January 1995 to April 2017 www.ejendomsforeningen.dk

Rent and Residential Property Prices Relative to the Wage Rate Development Source: The Association of Danish Mortgage Banks and Statistics Denmark Note: January 1995 to July 2017 There was a change in the make up of the rent index between 2015Q3 and 2015Q4 www.ejendomsforeningen.dk

Rent Levels for Commercial Property in Greater Copenhagen Source: Sadolin & Albæk Note: January 2018 The DKK/EUR exchange rate is 744 www.ejendomsforeningen.dk

Rent Level and Vacancy for Offices in Copenhagen Source: Oline-ED Statistics and Sadolin & Albæk Note: January 1997 to October 2017 www.ejendomsforeningen.dk

Prime Office Rents in Europe Source: Knight Frank Research og Real Capital Analytics Note: 2014 www.ejendomsforeningen.dk

Rent in Private Rental Housing Period: 1995 and 2007 Rent Rent movements 1995-2007 percentage. 2007 Average annual m2-rent (euro) 1995 ”Identical property” Average annual increase Copenhagen 81.8 53.3 3.1 Frederiksberg 77.9 51.1 3.3 Odense 91.4 50.9 Esbjerg 79.4 3.5 Aarhus 104.2 62.1 3.8 Aalborg 87.5 57.5 Source: The Ministry of Social Welfare Note: 2007 and 1995 The rent level includes rent for the cost driven tenancies www.ejendomsforeningen.dk

Real Total Return www.ejendomsforeningen.dk Source: The Danish Property Federation, IPD Danish Property Index and Sadolin & Albæk Note: 1985 to 2016 www.ejendomsforeningen.dk

The Danish Property Federation Market Statistics – Consensus Forecast Total return for investment properties. 2000 to 2016 shows the total return form the Danish Property Federation’s market statistics, while it from 2000 to 2014 shows the total return of MSCI Denmark Annual Property Index. 2017 to 2019 shows the average of the replies from the Consensus Forecast. 50 percent of the replies lie within the blue lines.   2017 2018 2019 2017-2021 Total return (%) 5,8 5,7 5,6 Change (quarterly) 0,0 0,1 0,2 Change (yearly) -0,1 New www.ejendomsforeningen.dk/english/market-statistics Source: The Danish Property Federation Market Statistics and MSCI Note: January 2018 www.ejendomsforeningen.dk

Reimbursement Duty Rate in Danish Municipalities Source: Statistics Denmark Note: 2017 www.ejendomsforeningen.dk

Municipalities where the Rent Control Act applies Source: The Landsowners´ Investment Foundation Note: 2015 www.ejendomsforeningen.dk

The Danish Property Federation info@ejendomsforeningen.dk www.ejendomsforeningen.dk Phone number: +45 33 12 03 30 The Danish Property Federation Nørre Voldgade 2 DK-1358 København K Havnegade 4 DK-8000 Aarhus C www.ejendomsforeningen.dk