The Danish Property Market The Danish Property Federation

Building Stock Source: The Danish Property Federation Market Statistics Note: June 2019

Property Investment Market Source: The Danish Property Federation Market Statistics Note: June 2019

Dwelling Stock divided into Types of Ownership Source: The Danish Property Federation Market Statistics Note: 2008 and February 2019

Economic Vacancy for Office Source: The Danish Property Federation Market Statistics, IPD Danish Property Index and Oline-ED Statistics Note: January 1988 to June 2019 Data break between October 2013 and January 2014 due to differences in methodology 5

Economic Vacancy Rates Source: The Danish Property Federation Market Statistics, IPD Danish Property Index and Ejendomstorvet -ED Statistics Note: January 2000 to June 2019 Data break between October 2013 and January 2014 due to differences in methodology 6

Dwellings without Person Registration Source: Statistics Denmark Note: 1981 to 2019

Started Construction Source: 1949-2016: Statistics Denmark 2017-2020: Dansk Byggeri Note: 1949 to 2020

Residential construction by builders Source: Statistics Denmark Note: 1949 to 2019

Residential construction by type Source: Statistics Denmark Note: 1949 to 2019

Investment Property sold Source: Statistics Denmark Note: 1949 to 2019

Investment Property sold Source: Statistics Denmark Note: 1949 to 2018

Investment Property Prices Source: Statistics Denmark Note: January 1992 to December 2018 The indices are based on nominal square meter prices

Real Price Index for Detached Houses Source: 1971-1995: Danmarks Nationalbank and Statistics Denmark 1995-2018: The Association of Danish Mortgage Banks Note: 1971 to 2018

Net Lending by Mortgage Banks Source: The Association of Danish Mortgage Banks Note: January 1995 to February 2019

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 December 2018 There was a change in the make up of the rent index between 2015Q3 and 2015Q4

Rent Levels for Commercial Property in Greater Copenhagen Source: Colliers International Note: October 2018 The DKK/EUR exchange rate is 744.88

Rent Level and Vacancy for Offices in Copenhagen Source: Ejendomsforeningen Danmark og Sadolin & Albæk from July 2015. Data from Oline-ED Statistics and Sadolin & Albæk before July 2015. Note: January 1997 to January 2018. New source from July 2015 for vacancy rate.

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

Rent in Private Rental Housing 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

Real Total Return Source: The Danish Property Federation, IPD Danish Property Index and Sadolin & Albæk Note: 1985 to 2017

The Danish Property Federation Market Statistics – Consensus Forecast Total return for investment properties. 2011 to 2018 shows the total return form the Danish Property Federation’s market statistics, while it from 2000 to 2010 shows the total return of MSCI Denmark Annual Property Index. 2019 to 2021 shows the average of the replies from the Consensus Forecast. 50 percent of the replies lie within the blue lines.   Historic 2018 2019 2020 2021 2019-2023 Total return (%) 7.1 5.4 5.2 5.1 Change (quarterly) 0.1 0.0 Change (yearly) -0.1 -0.2 New www.ejd.dk/EDMF Source: The Danish Property Federation Market Statistics and MSCI Note: April 2019

Reimbursement Duty Rate in Danish Municipalities Source: Statistics Denmark Note: 2019

Municipalities where the Rent Control Act applies Source: The Landsowners´ Investment Foundation Note: 2019 Dark blue is regulated

The Danish Property Federation info@ejd.dk www.ejd.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