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Aberdeen Nordic Head keeps an eye on possible Danish legal change to renovation clause

Real estate manager Aberdeen Standard Investments warns of possible quality reduction in Copenhagen's housing market if renovation clause is changed or abolished.

Photo: PR

As Head of Nordic Property Research at real estate manager Aberdeen Standard Investments in Copenhagen, Lars Flåøyen keeps up to date on price trends in major European cities.

"I think there will be a response to what we call the affordable housing challenge," Flåøyen tells Danish business daily Børsen. He is aware that it has become extremely expensive to live in major cities in Europe and citizens on a average income can no longer afford to live in the city.

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