Copenhagen Property Market Report 2020

Danish economy

Copenhagen Property Market Report 2020

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Best-in-class business conditions Conditions for doing business continue to be among the best in the world. In the World Bank’s “Ease of Doing Business 2020” listing, Denmark ranked fourth, outranked only by New Zealand, Singapore and Hongkong. In fact ranking third in the previous survey, Denmark still remains the best place in Europe for doing business, ahead of the UK, Norway and Sweden, taking eighth, ninth and tenth places, respectively. With Copenhagen as the commercial centre of Denmark, the Capital is a highly attractive place to do business, among other things because of a highly educated workforce and the country’s political stability. Stable government and top rating The Danish political system is very stable: For instance, a change of government only rarely leads to major political or economic changes. At the same time, Denmark is consistently rated as one of the least corrupt countries globally in the “Corruption Perceptions Index”. Moreover, Denmark boasts healthy economic framework conditions; Danish government bonds have been given AAA top ratings for years by both Fitch, Moody’s and Standard & Poor’s. The combination of a stable political system and a strong economy has improved Denmark’s brand value, making international investors consider the country a safe haven. Infrastructure expansion In September 2019, the third Copenhagen metro line opened, “Cityringen”, or M3. It has improved connections between various districts, enhancing the city’s infrastructure. In April 2020, M3 connects to M4, a new north-south line that will dramatically improve access to the two relatively new urban development districts Nordhavn and Sydhavnen. Initially, two stations open, providing access to Nordhavn. The southbound leg of M4 is scheduled for completion in 2024, while the northbound is completed in step with the development of Nordhavn. As from 2025, the suburbs will benefit from a 28-km long light rail along Ring Road 3, with 28 stops between Lyngby/DTU in the north and Ishøj in the south. The light rail opens up for the development of new residential and commercial areas, expected to attract long-term investments.

Forretningsvilkår i top Vilkårene for at drive virksomhed er fortsat blandt de bedste i verden. På Verdensbankens ”Ease of Doing Business 2020”-rangliste ligger Danmark nummer fire – kun overgået af New Zealand, Singapore og Hongkong. På forrige opgørelse lå Danmark på en tredjeplads, men er fortsat det mest attraktive sted i Europa at drive virksomhed – Storbritannien, Norge og Sverige ligger som nummer otte, ni og ti. Med København som kommercielt centrum i Danmark er hovedstaden et særdeles attraktivt sted at drive forretning blandt andet i kraft af en højtuddannet arbejdsstyrke og politisk stabile forhold i landet. regeringsskifte kun sjældent til større politiske eller økonomiske ændringer. Samtidig bliver Danmark konsekvent vurderet som et af klodens mindst korrupte lande i ”Corruption Perceptions Index”. Desuden har Danmark gode økonomiske rammebetingelser; danske statsobligationer har gennem en årrække fået topkarakteren AAA af både Fitch, Moody’s og Standard & Poor’s. Kombinationen med blandt andet stabilt politisk system og stærk økonomi har styrket Danmarks værdi som brand og betyder, at internationale investorer opfatter landet som safe haven eller sikker havn. Udbygget infrastruktur I september 2019 åbnede den tredje metrostrækning i København, ”Cityringen” eller M3. Det har sikret en bedre sammenkobling af de forskellige bydele og forbedret infrastrukturen i hovedstaden. I april 2020 forbindes M3 med M4, en kommende nord-syd- gående linje, som markant vil forbedre adgangen til de to nyere byudviklingsområder Nordhavn og Sydhavnen. I første omgang åbner to stationer, som giver adgang til Nordhavn. M4 ventes i 2024 at være fuldt udbygget mod syd og skal mod nord udbygges i takt med udviklingen af Nordhavn. Forstæderne får fra 2025 den 28 km lange letbane langs Ring 3 med 28 stationer mellem Lyngby/DTU i nord og Ishøj i syd. Banen åbner for at udvikle nye bolig- og erhvervsområder, som ventes at udløse langsigtede investeringer. Stabilt styre og top-rating Det danske politiske system er meget stabilt, fx fører et