Danish Property Federation The Danish Property Market

Building Stock 2014 Source: Statistics Denmark and Danish Property Federation www.ejendomsforeningen.dk

Property Investment Market 2014 Source: IPD Danish Property Index Note: Measured by capital value www.ejendomsforeningen.dk

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

Vacancy for Residential and Commercial Property 1988-2015Q3 Source: Oline-ED Statistikken and Statistics Denmark Note: Databreak from 2010 to 2011 is due to new measures of vacant residences www.ejendomsforeningen.dk

Dwellings without Person Registration 1981-2015 Source: Statistics Denmark www.ejendomsforeningen.dk

Total Construction 1949-2014 Source: Statistics Denmark – statbank.dk Note: Measured as started construction www.ejendomsforeningen.dk

Sold Investment Properties 1992-2014 Source: Statistics Denmark – statistikbanken.dk Note: Commercial: Excluding factories www.ejendomsforeningen.dk

Prices on Investment Properties 1992-2015Q2 Source: Statistics Denmark – statistikbanken.dk Note: Commercial: Excluding factories. The indices are based on nominal prices www.ejendomsforeningen.dk

Real Price Index for One-family Houses 1971-2014 Source: 1971 – 1995 : Statistics Denmark, Danmarks Nationalbank, 1995 – 2010 : Realkreditraadet www.ejendomsforeningen.dk

Net lending by mortgage banks from 1995 to 2. quarter 2015 Source: Association of Danish Mortgage Banks www.ejendomsforeningen.dk

Rent and Residential Property Prices relative to the Wage Rate developments 1995-2013 Source: Realkreditrådet and Statistics Denmark www.ejendomsforeningen.dk

Rent Levels for Commercial Property, Greater Copenhagen 2. Quarter 2015 Source: Sadolin & Albæk Note: Dkr/Euro exchange rate is 746 www.ejendomsforeningen.dk

Vacancy and Rent Level for Offices in Copenhagen 1997-2015Q3 Source: Sadolin & Albæk and Oline-ED Statistikken www.ejendomsforeningen.dk

Total office occupancy costs, 2010 Source: CBRE Global Office Rents www.ejendomsforeningen.dk

Rent in private rental housing, 1995 and 2007 Rent movements 1995-2007 percentage. 1995 Average annual m2-rent (euro) 2007 ”Identical property” Average annual increase Copenhagen 53,1 81,3 3,1 Frederiksberg 50,8 77,5 3,3 Odense 50,7 90,9 Esbjerg 78,9 3,5 Aarhus 61,7 103,6 3,8 Aalborg 57,2 87,1 Note: The Rent level is inclusive Rent for the cost driven tenancies. Source: Ministry of Social Welfare www.ejendomsforeningen.dk

Real Total Return 1985-2014 Source: IPD, Sadolin & Albæk, and Danish Property Federation www.ejendomsforeningen.dk

The Danish Property Federations Consensus Forecast 4. quarter 2015 From 2000 to 2014 is shown the total return of IPD Danish Property index. 2015 to 2017 shows the average of the responses The Danish Property Federations Consensus Forecast. 50 % of the responses lies within the blue lines.   2015 2016 2017 2015-2019 Total return (%) 5,5 5,6 5,7 Change (quarterly) 0,1 0,0 Change (yearly) 0,2 New Source: IPD Danish Property index and the Danish Property Federation www.ejendomsforeningen.dk

Income Return and Capital Growth 2014 Source: IPD Danish Property Index www.ejendomsforeningen.dk

Reimbursement Duty rate in Danish municipalities 2015 www.ejendomsforeningen.dk Source: Statistics Denmark

Municipalities where The Rent Control Act applies in 2015 Source: Grundejernes investeringsfond www.ejendomsforeningen.dk

Ejendomsforeningen Danmark info@ejendomsforeningen.dk www.ejendomsforeningen.dk Telefon: 33 12 03 30 Ejendomsforeningen Danmark Åboulevarden 22, 5. sal 8000 Aarhus C Nørre Voldgade 2 1358 København K www.ejendomsforeningen.dk