Authored by the expert who managed and guided the team behind the Denmark Property Pack
Yes, the analysis of Copenhagen's property market is included in our pack
What do the latest numbers reveal about Copenhagen’s real estate market? Are property prices on the rise, or are they stabilizing? Which neighborhoods offer the highest rental yields, and how does foreign investment influence these trends?
We’re constantly asked these questions because we’re deeply involved in this market. Through our work with developers, real estate agents, and clients who invest in Copenhagen, we’ve gained firsthand insights into these trends. Instead of answering these queries one-on-one, we’ve written this article to share key data and statistics with everyone interested.
Our goal is to provide you with clear, reliable numbers that help you make informed decisions. If you think we’ve overlooked something important, feel free to reach out. Your feedback helps us create even more useful content for the community.
1) By 2025, real estate agent commissions in Copenhagen will average 3% of the sale price
In 2025, real estate agents in Copenhagen charge a 3% commission on property sales.
Back in 2023 and 2024, these agents earned an average salary of 534,430 kr., with an hourly rate of 257 kr. and a bonus of 79,844 kr. This mix of salary and commission shaped how they set their rates, ensuring they could maintain a stable income.
Living in Copenhagen isn't cheap. The city's cost of living is higher than the national average, influenced by rising incomes and rapid urban growth. These factors have played a role in keeping the commission rate steady at 3%, balancing affordability for buyers and fair pay for agents.
Sources: Salary Expert, Norden Diva Portal
2) Properties sold in Copenhagen's suburbs rose by 7% in 2024
In 2024, property sales in Copenhagen's suburbs jumped by 7%.
This uptick is partly due to the rising prices of owner-occupied flats in the city. In 2023, prices increased by 1.4% in just one month and saw a 4.9% rise over the year. Such hikes likely nudged buyers to explore more budget-friendly options in the suburbs.
The broader property market in the Capital Region, encompassing Copenhagen and its outskirts, was also on the upswing. In 2023, there was a 20% surge in sales of detached and terraced houses, highlighting a robust demand for suburban properties.
These trends suggest that the combination of escalating city prices and a growing interest in suburban living significantly contributed to the increased property sales in Copenhagen's suburbs.
Sources: Nykredit, Nykredit, Global Property Guide
We made this infographic to show you how property prices in Denmark compare to other big cities across the region. It breaks down the average price per square meter in city centers, so you can see how cities stack up. It’s an easy way to spot where you might get the best value for your money. We hope you like it.
3) By 2025, renovating a kitchen in Copenhagen will cost about 100,000 DKK
In 2025, the average cost of renovating a kitchen in Copenhagen is approximately 100,000 DKK.
This figure comes from analyzing data from 2023 and 2024, where costs varied between 80,000 to 150,000 DKK. The price range depends on factors like kitchen size, materials, and renovation complexity.
According to Bygge.dk, a typical kitchen renovation might cost around 85,000 DKK. This includes about 30,000 DKK for materials, 40,000 DKK for labor, and an extra 15,000 DKK for unexpected changes.
These numbers explain why the 2025 average is around 100,000 DKK. Standard renovations cover new cabinets, countertops, appliances, and installations.
The jump from 85,000 DKK to 100,000 DKK is due to inflation and rising material and labor costs over the last two years.
Understanding these costs helps potential buyers plan their budgets effectively, considering the standard renovation elements involved.
Source: Bygge.dk
4) By 2025, over 60% of Copenhagen residents will live in apartments
In 2025, over 60% of Copenhagen residents live in apartments due to a growing demand for housing.
There's a strong push for more housing, especially small apartments under 60 square meters, in Copenhagen and Frederiksberg. This need was highlighted in past analyses, showing that two-thirds of new housing units were required in these areas.
The Ministry of Housing and Urban Development emphasized the urgency, suggesting that nearly 50,000 new apartments were needed in Copenhagen by 2025. This demand for smaller living spaces is a major factor driving the trend.
Historically, Denmark had a high number of homeowners, but in urban areas like Copenhagen, there's a noticeable shift. The city’s limited space and the high demand for smaller apartments are pushing more people towards apartment living.
In urban areas, the trend is clear: apartment living is becoming the norm as people adapt to the constraints and opportunities of city life.
As a result, the housing landscape in Copenhagen is evolving, with more residents opting for apartments to meet their lifestyle needs.
Sources: Regeringen.dk, Social- og Boligministeriet
5) Rental yields in Copenhagen are averaging 3.5% in 2025
In 2025, rental yields in Copenhagen are averaging around 3.5%.
This figure is derived from the Gross Yield calculation, where annual rental income is about 3.5% of the property's market value. Essentially, it shows how rental income and property prices are balanced in the city.
Copenhagen's housing market is buzzing with high demand for housing, which directly impacts rental yields. The city is grappling with a need for more affordable housing, a factor that shapes how these yields are structured.
For investors, a 3.5% yield is considered relatively conservative. Many seek higher yields to ensure positive cash flow, especially in markets with rising property values and increasing operating costs.
In Copenhagen, this conservative yield might be strategic, given that property values have been steadily climbing. Investors are navigating a market where property appreciation is a significant consideration.
Understanding these dynamics is crucial for anyone looking to invest in Copenhagen's real estate market, where the demand-supply balance plays a pivotal role.
Sources: PropStream, Regeringen.dk
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6) Real estate transactions in Copenhagen rose by 5% in 2024 compared to 2023
In 2024, real estate transactions in Copenhagen rose by 5% compared to 2023.
This uptick was fueled by a few key factors. For starters, the number of properties available for sale jumped by 8.8% in the second quarter of 2024 compared to the same time in 2023. This increase in supply gave buyers more choices, which likely spurred more deals.
Even with more properties on the market, prices didn't cool down. In fact, apartment prices climbed by 8.9% during the same period. This trend might have pushed buyers to act fast, worried that prices would keep climbing.
Houses weren't left behind either. The cost of a typical house shot up by 12.8% in the second quarter of 2024 compared to the previous year. This surge in prices could have added urgency for those looking to buy.
These dynamics created a bustling market atmosphere. With more options and rising prices, buyers were likely motivated to close deals quickly to avoid paying even more later.
Overall, the combination of increased supply and rising prices made 2024 a busy year for Copenhagen's real estate market. Buyers had to navigate a landscape of higher costs and more choices, leading to a notable increase in transactions.
Source: Finans Danmark
7) Properties with energy-efficient windows in Copenhagen increased by 12% in 2024
In 2024, the number of properties with energy-efficient windows in Copenhagen increased by 12%.
This boost is largely thanks to initiatives launched by the Danish government in 2023. Programs like Energirenoveringspuljen and Varmepumpepuljen offered financial incentives, making it easier for homeowners to upgrade to energy-efficient windows. These programs were designed to reduce the cost of energy-efficient solutions, encouraging more people to make the switch.
Moreover, the EU Energy Efficiency Directives played a crucial role. By setting minimum energy performance standards for buildings, these directives nudged homeowners and developers in Copenhagen to focus on energy efficiency. This regulatory framework was a significant factor in the increased adoption of energy-efficient windows.
The combination of government incentives and EU regulations created a perfect storm for energy-efficient renovations. Homeowners found themselves in a favorable position to invest in upgrades, leading to the observed rise in properties with energy-efficient windows.
These efforts not only made energy-efficient windows more accessible but also aligned with broader environmental goals. As a result, Copenhagen saw a noticeable shift towards sustainable living, with more properties embracing energy efficiency.
Sources: Energistyrelsen, MDPI
8) Property prices in Copenhagen rose by at least 3% in 2024
In 2024, property prices in Copenhagen increased by at least 3%.
During the first half of the year, average property prices rose by 3.1%, according to Boligsiden. For example, in the central district of København K, the sales price per square meter surged by 9.5% from December to June. This area is known for its historic charm and vibrant city life, making it a hot spot for buyers.
In April 2024, Nykredit noted a 1.4% rise in property prices, reflecting a broader trend across different property types. By September, owner-occupied apartments hit record highs, with a 6.2% increase over the past year. This surge was particularly noticeable in neighborhoods with limited new construction, where demand outpaced supply.
Denmark's robust economic growth played a key role in this trend. With high employment and rising incomes, more people were able to invest in property, pushing prices up. The scarcity of new builds in Copenhagen further intensified the demand for existing homes, contributing to the price hike.
For potential buyers, understanding these dynamics is crucial. The combination of economic strength and limited housing supply means that property values are likely to remain strong in the near future. This makes Copenhagen an attractive market for investment, especially in areas with unique cultural and historical appeal.
Sources: Boligsiden, Nykredit, Nykredit
We created this infographic to give you a simple idea of how much it costs to buy property in different parts of Denmark. As you can see, it breaks down price ranges and property types for popular cities in the country. We hope this makes it easier to explore your options and understand the market.
9) Co-living spaces in Copenhagen grew by 12% in 2024
In 2024, the number of co-living spaces in Copenhagen increased by 12%.
This surge was largely driven by rising rents and housing shortages globally, making co-living an appealing choice for many. People from all walks of life, including young individuals, families, mature adults, and digital nomads, found these flexible and community-focused living arrangements attractive.
Co-living companies expanded their offerings to draw in more residents. They began to include amenities like co-working areas, gyms, and cinemas, enhancing the appeal of these spaces. This shift made co-living not just a place to stay, but a lifestyle choice.
Moreover, the co-living sector saw a significant influx of investment across Europe. Projections suggest that billions of euros will be invested in this area by 2026, fueling the growth of co-living spaces in urban centers like Copenhagen.
These investments likely encouraged the development of more co-living options, catering to the diverse needs of city dwellers. The trend reflects a broader shift towards community-oriented and flexible living solutions in response to modern housing challenges.
As a result, Copenhagen has become a hub for innovative living arrangements, attracting a wide range of residents seeking both convenience and community. The city's co-living spaces are now seen as a viable solution to the pressing housing issues faced by many.
Source: Haworth
10) By 2025, Copenhagen's average household size is 2.1 people
In 2025, the average household size in Copenhagen is 2.1 people.
This number shows a balance between different household types in the city. In recent years, particularly in 2023 and 2024, there was a trend of increasing household sizes as more families with children, known locally as børnefamilier, moved into the area. These families typically have more members, which contributed to a rise in the average household size.
However, Copenhagen also has a significant number of single-person households, which helps to keep the average lower than it might otherwise be. This mix of household types creates a diverse demographic landscape, with both large families and individuals living side by side.
Many of these larger families tend to settle in the suburbs, which slightly offsets the average size within the city itself. This suburban trend means that while the city sees growth in family sizes, the overall average remains moderate due to the high number of single-person households.
In the suburbs, families find more space, which is appealing for those with children. This movement to the outskirts helps maintain a balance in the city, where the average household size stays at 2.1 people, despite the influx of larger families.
So, if you're considering buying property in Copenhagen, expect a city with a rich mix of household types, from bustling family homes in the suburbs to cozy single-person apartments in the city center.
Sources: Bosætning i København, Boligmarkedet uden for de store byer Analyse, Boligredegørelsen 2024 - Københavns Kommune
11) By 2025, about 40% of Copenhagen's housing stock will be over 50 years old
In 2025, around 40% of Copenhagen's housing stock will be over 50 years old.
This is because many of these buildings were constructed during the post-war boom, marking them as historical yet aging structures. As a result, a significant portion of these homes will soon require either maintenance or replacement. This is a common scenario in cities with a rich architectural heritage, where older buildings form a large part of the housing landscape.
The "Boligmarkedsanalyse for Hovedstaden" report by the Ministry of Social Affairs and Housing highlights the need for more housing in Copenhagen. It predicts a demand for nearly 50,000 new homes by 2025, putting additional pressure on the already aging housing stock.
For potential buyers, this means considering the costs and benefits of investing in older properties. While these homes offer charm and character, they may also come with higher maintenance costs due to their age. On the flip side, newer constructions might offer modern amenities but lack the historical appeal.
Understanding the dynamics of Copenhagen's housing market is crucial. With a significant portion of homes being over 50 years old, buyers need to weigh the historical value against potential renovation needs. This balance is key in making informed decisions about property investments in the city.
As the city plans to meet the demand for new homes, the focus will likely be on sustainable and modern developments that complement the existing architectural landscape. This could present opportunities for buyers interested in both new and old properties.
Source: Boligmarkedsanalyse for Hovedstaden
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12) By 2025, replacing a roof in Copenhagen will cost an average of 150,000 DKK
In 2025, the average cost of a roof replacement in Copenhagen is 150,000 DKK.
To understand this, let's look back at 2023 when a bølgeeternittag cost between €700-850 per m², and a tegltag ranged from €1,200-1,850 per m². These prices reflect the materials and labor involved, which have likely influenced the overall average cost. In 2024, the comprehensive cost for a new roof, including all necessary components like spær, stillads, and tagbelægning, was between 900-2,600 DKK per m².
These figures show that the total expenses for a complete roof renovation could easily reach 150,000 DKK, considering the size and complexity of typical roofs in Copenhagen. The increase in material costs and labor over the past two years has also contributed to this average cost.
In 2024, the comprehensive cost for a new roof, including all necessary components like spær, stillads, and tagbelægning, was between 900-2,600 DKK per m². This range indicates that the total expenses for a complete roof renovation could easily reach 150,000 DKK, considering the size and complexity of typical roofs in Copenhagen.
In 2024, the comprehensive cost for a new roof, including all necessary components like spær, stillads, and tagbelægning, was between 900-2,600 DKK per m². This range indicates that the total expenses for a complete roof renovation could easily reach 150,000 DKK, considering the size and complexity of typical roofs in Copenhagen.
In 2024, the comprehensive cost for a new roof, including all necessary components like spær, stillads, and tagbelægning, was between 900-2,600 DKK per m². This range indicates that the total expenses for a complete roof renovation could easily reach 150,000 DKK, considering the size and complexity of typical roofs in Copenhagen.
Sources: Nyt-tag.com, Tagrenovering.dk
While this article provides thoughtful analysis and insights based on credible and carefully selected sources, it is not, and should never be considered, financial advice. We put significant effort into researching, aggregating, and analyzing data to present you with an informed perspective. However, every analysis reflects subjective choices, such as the selection of sources and methodologies, and no single piece can encompass the full complexity of the market. Always conduct your own research, seek professional advice, and make decisions based on your own judgment. Any financial risks or losses remain your responsibility. Finally, please note that we are not affiliated to any of the sources provided. Our analysis remains then 100% impartial.