The Savills Blog

Real estate transaction volume on the rise - February 2024

Total transaction volume

Based on data from the commercial real estate brokers' industry data, the transaction volume for February has been calculated. The transaction volume for February 2024 ended at just under DKK 4 billion. This means that transaction activity has increased significantly since January. 

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Distribution of transaction volume

The distribution of the volume on real estate segments for the year ended as follows (rounded). 

-Office: 37% 

-Residential: 17% 

-Retail: 0%

-Industrial and logistics: 45%

-Hotel: 0% 

-Other: 0%

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Distribution between national and international investors 

In February, the share of national investors amounted to 28%. The national investors' share of the total transaction volume is therefore significantly lower in February compared to January, where they accounted for 90%. 

CEO of Savills Denmark, Jacob Lund says about February's volume: . 

Even with challenges and uncertainties in the global market, the latest figures for transaction volume in the Danish real estate market show an encouraging increase. This increase indicates a positive trend and sends signals of increased confidence and interest among investors. With the expectation that this positive development will continue, we look forward to following the development of the Danish market in the coming months.

Jacob Lund, CEO & Partner at Savills Denmark

Future transaction volume announcements can be expected on the 13th business day of the month. In the future, the quarterly announcement will include a revised year-to-date volume statement, as at the time of the monthly statements, there may be transactions that have not yet been published.

The data in this release is based on a coordinated survey among a number of leading commercial real estate agents in Denmark. The data will be revised on an ongoing basis, as there may be transactions that have not yet been published at the time of the survey. The commercial real estate agents involved are CBRE, Colliers, EDC Erhverv Poul Erik Bech, Engel & Völkers, Newsec, Nordicals and Savills. 

 

 

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