1. Ejendomsforeningen Danmark The Danish Property Market

2. www.ejendomsforeningen.dk Building Stock 2008 Source: Statistics Denmark and Danish Property Federation

3. www.ejendomsforeningen.dk Property Investment Market 2008 Source: IPD Danish Property Index Note: Measured by capital value

4. www.ejendomsforeningen.dk Vacancy for Residential and Commercial Property 1988-2009 Source: Oline-Lokalebørs Statistikken and Statistics Denmark

5. www.ejendomsforeningen.dk Dwelling Stock divided into types of ownership in 1981 and 2007 Source: Statistics Denmark and own calculations (see Huset march 2008)

6. www.ejendomsforeningen.dk Dwellings without Person Registration 1981-2008 Source: Statistics Denmark

7. www.ejendomsforeningen.dk Total Construction 1982-2007 Source: Statistics Denmark – statbank.dk Note: Measured as started construction

8. www.ejendomsforeningen.dk Sold Investment Properties 1992-2007 Source: Statistics Denmark – statistikbanken.dk Note: Commercial: Excluding factories

9. www.ejendomsforeningen.dk Prices on Investment Properties 1992-2008 Source: Statistics Denmark – statistikbanken.dk Note: Commercial: Excluding factories

10. www.ejendomsforeningen.dk Real Price Index for One-family Houses1971-2008 Source: Statistics Denmark – statbank.dk, Danmarks Nationalbank

11. www.ejendomsforeningen.dk Rent and Residential Property Prices relative to the Wage Rate developments 1995-2008 Source: Realkreditrådet and Statistics Denmark

12. www.ejendomsforeningen.dk Rent Levels for Commercial Property, Greater Copenhagen 4. Quarter 2008 Source: Sadolin & Albæk Note: Rate of exchange is 750

13. www.ejendomsforeningen.dk Vacancy and Rent Level for Offices 1997-2009 Source: Sadolin & Albæk and Oline-Lokalebørs Statistikken

14. www.ejendomsforeningen.dk Total office occupancy costs, 2008 Source: DTZ Research

15. www.ejendomsforeningen.dk Rent Level for High Street Retail 2005 Source: CEPI

16. 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 Frederiksberg82137265 Copenhagen CBD107133172 North of Copenhagen83140230 Southwest of Copenhagen35118146 Aarhus93122152 The Triangle Region64103142

17. www.ejendomsforeningen.dk Rent in private rental housing, 1995 and 2007 Rent Rent movements 1995- 2007 percentage. 1995 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.

18. www.ejendomsforeningen.dk Average Monthly Rent for a 2 bedroom Apartment 2005 Source: CEPI

19. www.ejendomsforeningen.dk Gross Return on Residential 2005 Source: CEPI and Danish Property Federation

20. www.ejendomsforeningen.dk Market Rental Growth (%) Source: IPD Danish Property Index

21. www.ejendomsforeningen.dk Real Total Return 1985-2008 Source: IPD, Sadolin & Albæk, and Danish Property Federation

22. www.ejendomsforeningen.dk Income Return and Capital Growth 2008 Source: IPD Danish Property Index

23. info@ejendomsforeningen.dk www.ejendomsforeningen.dk Telefon: 33 12 03 30 Ejendomsforeningen Danmark Nørre Voldgade 2 1358 København K