In 2023, the average rent in Denmark was approximately 899 Danish kroner per square meter. This was an increase from the previous year, when the average rental cost was 874 Danish kroner. Compared with other countries in the Europe, Denmark has one of the lowest homeownership rates.

The average monthly rent of residential housing in Denmark was most expensive in the capital Copenhagen, amounting to **** euros per square meter in 2023. Aarhus ranked second, with an average monthly rent costing nearly **** euros per square meter in the same period.

The Danish area with the highest annual average rent of warehouse and industrial space as of November 2022 was Copenhagen city, where the price reached almost ***** Danish kroner per square meter. Copenhagen Region followed but significantly lower, at ***** Danish kroner per square meter. The country average was 1,000 Danish kroner.

The highest average annual rent per square meter for warehouses and industrial space in Denmark during the last thirteen months was in May 2020. That month, the annual average rent was *** Danish kroner per square meter. In July 2020, it was *** Danish kroner per square meter.

Denmark DK: Standardised Price-Rent Ratio: sa data was reported at 144.470 Ratio in Dec 2024. This records an increase from the previous number of 143.699 Ratio for Sep 2024. Denmark DK: Standardised Price-Rent Ratio: sa data is updated quarterly, averaging 89.440 Ratio from Mar 1970 (Median) to Dec 2024, with 220 observations. The data reached an all-time high of 152.220 Ratio in Mar 2022 and a record low of 55.005 Ratio in Jun 1993. Denmark DK: Standardised Price-Rent Ratio: sa data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Denmark – Table DK.OECD.AHPI: House Price Index: Seasonally Adjusted: OECD Member: Quarterly. Nominal house prices divided by rent price indices. The long-term average is calculated over the whole period available when the indicator begins after 1980 or after 1980 if the indicator is longer. This value is used as a reference value. The ratio is calculated by dividing the indicator source on this long-term average, and indexed to a reference value equal to 100.

The most expensive region in Denmark to rent a residential property is in the Capital Region. As of 2020, the average rental price for houses in the capital was *** Danish kroner per square meter, which was an increase from the previous year.

The prime office rent in the capital city of Denmark, Copenhagen, dropped from the first quarter of 2020 to the first quarter of 2023. The monthly rent for the best-in-class offices in 2023 was about ** euros per square meter.

The house price to rent ratio in Denmark reached the highest value in 2022, followed by a decline in the following year. The ratio amounted to a value of about ***** in the second quarter of 2024. The house price to rent ratio is calculated by dividing nominal house prices by rent prices, with 2015 as a base year with an index value of 100. Denmark's ratio was lower than the average of OECD countries.

Oslo was the Norwegian city with the highest rental prices in the country in 2024. Renting an apartment in the Norwegian capital cost nearly ****** Norwegian kroner per month on average, whereas Bergen ranked second, with an average monthly rent of ****** Norwegian kroner. The average price of residential housings in Norway was also highest in Oslo. The Nordic market Not only was Oslo the city with the highest rents in Norway, but also in the Nordic region. The capital cities of Denmark (Copenhagen) and Finland (Helsinki) ranked second and third respectively, whereas Stockholm ranked last within a list of ** Nordic cities. In contrast, Stockholm was the most expensive city to buy an apartment in. Homeownership in Norway The high renting prices in the Norwegian capital could be explained by the renting market trends in the country. The homeownership rate fluctuated over the past decade, but overall decreased, reaching its lowest rate so far in 2020.

In the first quarter of 2024, Stockholm was the Nordic city with the most expensive apartments. The average square meter price of apartments was around ***** euros per square meter. The capital cities of Norway and Denmark followed in the ranking, with apartments costing respectively ***** euros and ***** euros per square meter.

In the presented European countries, the homeownership rate extended from 42 percent in Switzerland to as much as 96 percent in Albania. Countries with more mature rental markets, such as France, Germany, the UK and Switzerland, tended to have a lower homeownership rate compared to the frontier countries, such as Lithuania or Slovakia. The share of house owners among the population of all 27 European countries has remained relatively stable over the past few years. Average cost of housing Countries with lower homeownership rates tend to have higher house prices. In 2023, the average transaction price for a house was notably higher in Western and Northern Europe than in Eastern and Southern Europe. In Austria - one of the most expensive European countries to buy a new dwelling in - the average price was three times higher than in Greece. Looking at house price growth, however, the most expensive markets recorded slower house price growth compared to the mid-priced markets. Housing supply With population numbers rising across Europe, the need for affordable housing continues. In 2023, European countries completed between one and six housing units per 1,000 citizens, with Ireland, Poland, and Denmark responsible heading the ranking. One of the major challenges for supplying the market with more affordable homes is the rising construction costs. In 2021 and 2022, housing construction costs escalated dramatically due to soaring inflation, which has had a significant effect on new supply.