Copenhagen
Copenhagen

Copenhagen

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Population (AI)

1,345,000

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Last edited
Oct 1, 2024 1:34 PM
Category
CapitalPrio-25
Local programs

The city of Copenhagen aims to address affordable and sustainable housing through various initiatives: 1. **Affordable Housing Targets**: Copenhagen aims to build 2,000 new public housing units across the city, prioritizing wealthier areas with few lower-cost housing options. 2. **Sustainable Housing Programs**: - **Jernbanebyen**: A new green district with 4,500 apartments, emphasizing car-free neighborhoods, green spaces, and sustainable living. - **AlmenBolig+**: Non-profit housing projects managed by KAB, focusing on energy efficiency, low production costs, and modular prefab construction. - **Home.Earth and Almenr**: Innovative companies promoting community-driven housing models, emphasizing sustainability, circularity, and shared living spaces. 3. **Funding Mechanisms**: - **Landsbyggefonden (National Building Fund)**: Provides government-backed, low-interest loans for social housing projects, ensuring sustainable funding cycles. - **Local and National Collaboration**: Copenhagen works with national programs to secure funding and support for affordable and sustainable housing initiatives, such as the Landsbyggefonden. 4. **Sustainability Goals**: - **Carbon Neutrality**: Copenhagen aims to become carbon neutral by 2025 through investments in renewable energy, district heating, and green infrastructure. - **Green Urban Planning**: The city focuses on reducing road space, promoting green corridors, and enhancing biodiversity. These initiatives demonstrate Copenhagen's commitment to creating more affordable and sustainable housing, leveraging both local and national programs to achieve these goals.

Housing Market

**Summary of the Housing Market in Copenhagen:** The housing market in Copenhagen has transitioned from a period of growth to stability, followed by a decline in prices. Key statistics include: - **Housing Units:** The total dwelling stock in Denmark reached 4.82 million in 2023, with the Capital Region (including Copenhagen) accounting for 17.7% of these units. - **Ownership and Rental:** About 48% of dwellings are owner-occupied, while 51% are occupied by tenants. - **Median Price per Sqm to Buy:** The average transaction price of owner-occupied flats in the Capital Region increased slightly by 1.2% (but fell by 1% when adjusted for inflation) year-over-year to DKK 43,646 (€5,854) per square meter in Q3 2023. - **Median Price per Sqm to Rent:** Specific rental prices per square meter are not provided in the available sources, but the demand for rentals is predicted to increase in Danish cities like Copenhagen. Public, social, and cooperative housing play significant roles in Copenhagen, though specific shares of the housing market are not detailed in the provided sources. However, these types of housing are integral to the city's housing landscape, offering affordable options to residents. The market is expected to remain weak in the medium term, with a projected cumulative house price fall of 3.2% in 2023 and a minimal increase of 0.7% in 2024.

Further Actors?

In Copenhagen, several individuals and organizations are key players in the mission to build more affordable and sustainable housing: 1. **Academic Institutions**: - **Realdania**: A philanthropic association that conducts research and provides funding for housing projects, focusing on sustainability and affordability. 2. **NGOs and Housing Cooperatives**: - **KAB**: A nonprofit housing organization managing over 70,000 housing units, emphasizing sustainable construction and democratic tenant decision-making. - **Almenr**: A pioneering force in co-living communities, promoting shared values and sustainable living practices. - **Home.Earth**: A real estate company focusing on sustainable and affordable housing, integrating economic, social, and environmental sustainability. 3. **Local Administration and Political Parties**: - **Copenhagen City Council**: Council members like Marcus Vesterager have insights into housing policies and co-op systems. 4. **Impact Investors**: - **Landsbyggefonden (National Building Fund)**: Provides low-interest loans for social housing projects, ensuring sustainable funding cycles. 5. **Architecture Firms**: - **Vandkunsten**: Known for their AlmenBolig+ project, which offers affordable, sustainable, and modular housing solutions. - **EFFEKT**: Developed the Living Places Copenhagen project, showcasing sustainable modular housing prototypes. - **BIG (Bjarke Ingels Group)**: Created the Urban Rigger, a sustainable floating village using shipping containers. These entities are crucial for collaborative efforts in building more affordable and sustainable housing in Copenhagen.

Cooperatives

In Copenhagen, housing cooperatives, known as "andelsboliger," play a significant role in providing affordable and stable housing. These cooperatives are based on collaborative ownership, where residents collectively own and manage the properties. Here’s a summary: - **Structure**: Residents purchase a share in the cooperative association, which owns the apartment building, rather than buying the apartment itself. This share entitles them to live in one of the apartments and participate in decision-making processes regarding maintenance and financial management. - **Market Share**: Over 30% of Copenhagen's housing stock consists of private co-operatives or andelsboliger, making it a substantial part of the city's housing market. - **Number of Cooperatives**: There are more than 210,000 cooperative housing units nationally, with a significant portion located in Copenhagen. The Danish Association of Private Co-operative Housing (ABF) represents approximately 5,300 member cooperatives, covering over 100,000 homes. - **Recent Developments**: While there has been a long history of cooperative housing in Denmark, recent years have seen increased demand and limited supply, leading to long waiting lists. New cooperatives have emerged, but at a slower pace due to changes in financing and market conditions. - **Lighthouse Projects and Support**: Organizations like KAB, a nonprofit housing organization, manage over 70,000 housing units and provide innovative approaches to sustainable housing construction and maintenance. The Danish government supports cooperative housing through low-interest loans and regulated financing, ensuring that rents are based on actual operating costs rather than market conditions.