1. Danish Property Federation The Danish Property Market

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

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

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

5. www.ejendomsforeningen.dk Vacancy for Residential and Commercial Property 1988-2015Q2 Source: Oline-ED Statistikken and Statistics Denmark Note: Databreak from 2010 to 2011 is due to new measures of vacant residences

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

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

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

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

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

11. www.ejendomsforeningen.dk Net lending by mortgage banks from 1995 to 1. quarter 2015 Source: Association of Danish Mortgage Banks

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

13. www.ejendomsforeningen.dk Rent Levels for Commercial Property, Greater Copenhagen 2. Quarter 2015 Source: Sadolin & Albæk Note: Dkr/Euro exchange rate is 744

14. www.ejendomsforeningen.dk Vacancy and Rent Level for Offices in Copenhagen 1997-2015Q2 Source: Sadolin & Albæk and Oline-ED Statistikken

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

16. 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.

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

18. www.ejendomsforeningen.dk The Danish Property Federations Consensus Forecast 3. quarter 2015 Source: IPD Danish Property index and the Danish Property Federation 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. 2015201620172015-2019 Total return (%) 5,45,65,75,6 Change (quarterly) -0,10,00,1 Change (yearly) 0,0 New

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

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

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

22. www.ejendomsforeningen.dk 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