Colliers Copenhagen Property Market Report 2019

11

Copenhagen Property Market Report 2019

Sound fundamentals and superior framework conditions

Copenhagen named one of the most liveable cities in the world

The Economist ranked Denmark’s capital, Copenhagen, in the top-ten of the most liveable cities in the world in 2018. In addition, the city was named the best travel destination in the world due to its historical architecture and sights, outstanding gastronomical scene and shopping opportunities as well as successful urban revitalisation and redevelopment schemes. Having attracted an increasing numbers of tourists for more than eight years in a row, today more than 10 million annually, the city is one of Scandinavia’s most popular tourist hotspots. Thanks to high scores on living standards and affluence, based on GDP per capita, social support, life expectancy, political stability and low corruption, the Danish population has repeatedly made it into the top-three of the happiest people in the world. Ideal framework conditions for investments The Capital Region of Denmark is the foremost growth centre of Denmark. Comprising 29 municipalities and more than 1.8 million inhabitants in total, the region is expected to see population growth of some 16% by 2045, corresponding to approximately 295,000 new residents. Strong population growth is a significant driver in the regional housing and labour markets. In terms of educational level, the Capital Region of Denmark has a high ranking too, with 41% of the region’s residents having completed medium- to long-cycle education relative to the national average of 33%. Danish GDP per capita exceeds the EU average by roughly 70%. In Copenhagen alone, GDP per capita exceeds the national average by 38%, making the city the unrivalled growth locomotive. Supported by these strong fundamentals, Greater Copenhagen offers an ideal framework for attractive property investments. Danish business environment among the best in the world Denmark continues to be in the international elite of places to do business, in the most recent World Bank survey on ‘Ease of Doing Business’ receiving renewed top rank- ings, topped only by New Zealand and Singapore. In fact, Denmark boasts an impres- sive track record of rankings in the global top-five – and absolute top rankings in Europe – going back more than nine years, with Copenhagen as the premier driver. In the same World Bank survey, Norway, the United States and the UK came in at number 7, 8 and 9, respectively, thus lagging far behind Denmark. In addition, Denmark is one of the most digitalised countries in the EU. In combination with a highly skilled labour force and polit- ical stability, this makes Copenhagen a European hotspot. As Denmark has a highly flex- ible and efficient job market and a minimal corruption rate, the Danish investment climate is one of the most favourable in the world.

World Bank Survey gives Denmark top ranking as a place to do business in Europe