Danish Property Federation The Danish Property Market

Building Stock 2014 Source: Statistics Denmark and Danish Property Federation

Property Investment Market 2014 Source: IPD Danish Property Index Note: Measured by capital value

Dwelling Stock divided into types of ownership in 2008 and 2015 Source: SAM-K, Statistics Denmark and own calculations

Vacancy for Residential and Commercial Property Q2 Source: Oline-ED Statistikken and Statistics Denmark Note: Databreak from 2010 to 2011 is due to new measures of vacant residences

Dwellings without Person Registration Source: Statistics Denmark

Total Construction Source: Statistics Denmark – statbank.dk Note: Measured as started construction

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

Prices on Investment Properties Source: Statistics Denmark – statistikbanken.dk Note: Commercial: Excluding factories. The indices are based on nominal prices

Real Price Index for One-family Houses Source: 1971 – 1995 : Statistics Denmark, Danmarks Nationalbank, 1995 – 2010 : Realkreditraadet

Net lending by mortgage banks from 1995 to 1. quarter 2015 Source: Association of Danish Mortgage Banks

Rent and Residential Property Prices relative to the Wage Rate developments Source: Realkreditrådet and Statistics Denmark

Rent Levels for Commercial Property, Greater Copenhagen 2. Quarter 2015 Source: Sadolin & Albæk Note: Dkr/Euro exchange rate is 744

Vacancy and Rent Level for Offices in Copenhagen Q2 Source: Sadolin & Albæk and Oline-ED Statistikken

Total office occupancy costs, 2010 Source: CBRE Global Office Rents

Rent in private rental housing, 1995 and 2007 Rent Rent movements percentage Average annual m 2 -rent (euro) 2007 Average annual m 2 -rent (euro) ”Identical property” Average annual increase Copenhagen53,181,33,1 Frederiksberg50,877,53,3 Odense50,790,93,1 Esbjerg50,778,93,5 Aarhus61,7103,63,8 Aalborg57,287,13,3 Source: Ministry of Social Welfare Note: The Rent level is inclusive Rent for the cost driven tenancies.

Real Total Return Source: IPD, Sadolin & Albæk, and Danish Property Federation

The Danish Property Federations Consensus Forecast 3. quarter 2015 Source: IPD Danish Property index and the Danish Property Federation From 2000 to 2014 is shown the total return of IPD Danish Property index to 2017 shows the average of the responses The Danish Property Federations Consensus Forecast. 50 % of the responses lies within the blue lines Total return (%) 5,45,65,75,6 Change (quarterly) -0,10,00,1 Change (yearly) 0,0 New

Income Return and Capital Growth 2014 Source: IPD Danish Property Index

Reimbursement Duty rate in Danish municipalities 2015 Source: Statistics Denmark

Municipalities where The Rent Control Act applies in 2015 Source: Grundejernes investeringsfond

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