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Decrease in real estate transaction activities since April - transaction volume for May 2024 has lan

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Total transaction volume

The transaction volume for May 2024 has now been published and amounts to DKK 2.2 billion. This represents a significant decrease in market activity since April, when the transaction volume was DKK 3.5 billion, according to data from commercial real estate brokers' industry data.

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Split between national and international investors

In May, domestic investors accounted for 61% of the transaction volume. This share is consistent with the level since the beginning of the year, where Danish investors have dominated the investment market.

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Breakdown of transaction volume

The total transaction volume for May is distributed by property segment as follows (rounded)

  • Office: 29%.
  • Retail: 4%
  • Hotel: 6%
  • Residential: 31 %
  • Industry and logistics: 19%.
  • Other: 5% Other
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Jacob Lund, CEO of Savills Denmark, has begun to notice an uptick in activity. This is evident in the recent and ongoing cases at Savills Denmark. He states:

The total transaction volume through May shows that activity has not yet picked up significantly. We see that sellers and buyers have generally become more aligned on price and yield levels, which is reflected in the deals we have recently completed and those we are in process with. The ECB rate cut is impacting the investment market positively and with possible further rate reductions in the second half of the year, we expect activity to pick up on the other side of the summer break.

Jacob Lund, CEO & Partner at Savills Denmark

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