209

News

Property investors increasingly avoiding Denmark 

Christian Wenande
November 25th, 2020


This article is more than 4 years old.

Interest in the Danish market has stagnated in recent years – unlike in neighbouring Norway and Sweden 

Investment in Denmark has waned in recent years (photo: Pixabay)

Based on new figures from property firm Newsec, the Danish property federation, EjendomDanmark, has warned that investors are increasingly avoiding Denmark.

Since 2017, the transaction volume of property has halved in Denmark – from 90 billion kroner to about 45-50 billion – while developments have gone in the opposite direction in Norway and Sweden.

“The property market is being used as an inexhaustible source for financing, and that changes the basic rules of the game in the market,” said Jannick Nytoft, the CEO of EjendomDanmark.

“The so-called Blackstone intervention and the latest new warehouse tax has immense consequences for, among other things, jobs. This creates insecurity about the market, and the investors are naturally aware of that.”

READ ALSO: Property prices falling a little

Share of Nordic transactions dwindling
In 2017, 26 percent of Nordic property transactions occurred in the Danish market – a figure that has fallen to 17 percent in 2020.

Meanwhile, Sweden’s share has increased from 33 to 48 percent during that same period.

“We need to attract investors so we can develop our buildings and cities. This will lead to not only modern and green housing, but also more jobs and growth,” said Nytoft.


Share

Most popular

Subscribe to our newsletter

Sign up to receive The Daily Post

















Latest Podcast

A survey carried out by Megafon for TV2 has found that 71 percent of parents have handed over children to daycare in spite of them being sick.

Moreover, 21 percent of those surveyed admitted to medicating their kids with paracetamol, such as Panodil, before sending them to school.

The FOLA parents’ organisation is shocked by the findings.

“I think it is absolutely crazy. It simply cannot be that a child goes to school sick and plays with lots of other children. Then we are faced with the fact that they will infect the whole institution,” said FOLA chair Signe Nielsen.

Pill pushers
At the Børnehuset daycare institution in Silkeborg a meeting was called where parents were implored not to bring their sick children to school.

At Børnehuset there are fears that parents prefer to pack their kids off with a pill without informing teachers.

“We occasionally have children who that they have had a pill for breakfast,” said headteacher Susanne Bødker. “You might think that it is a Panodil more than a vitamin pill, if it is a child who has just been sick, for example.”

Parents sick and tired
Parents, when confronted, often cite pressure at work as a reason for not being able to stay at home with their children.

Many declare that they simply cannot take another day off, as they are afraid of being fired.

Allan Randrup Thomsen, a professor of virology at KU, has heavily criticised the parents’ actions, describing the current situation as a “vicious circle”.

“It promotes the spread of viruses, and it adds momentum to a cycle where parents are pressured by high levels of sick-leave. If they then choose to send the children to daycare while they are still recovering, they keep the epidemic going in daycares, and this in turn puts a greater burden on the parents.”