|
|
 |
NewsLetter June 2007
13-06-2007: Latest trends and market indicators, Danish commercial property market.
The Danish Government’s announced tax intervention almost made the Danish investment property market grind to a halt in the first quarter of 2007. Fortunately, in deference to the massive objections not least from the real estate industry, the final proposal was substantially modified, and in the second quarter activity picked up again with a substantial transaction volume in respect of investment properties, especially within the commercial segment which is seeing stable prices.
Danish public valuations, in recent years typically lagging behind the very strong market price movements, have now seen massive hikes, on residential rental properties in particular, with the new valuations in many cases exceeding the market value. Property taxes may in some instances be unduly high, and there may be good reason to apply for a reduction of such public valuations.
In our NewsLetter June 2007 we also describe the latest trends in the commercial property market, including price movements on investment property and the impact of the new Danish planning act on the retail market.
This NewsLetter includes a survey of property market indicators for rents, yields and vacancy rates in office, retail and industrial/logistics property in Greater Copenhagen, Aarhus and the so-called Triangle Region (Fredericia, Vejle and Kolding). This survey may also be downloaded separately.
NewsLetter June 2007:
 NewsLetter June 2007
|
|
|
