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As of January 2019, the Danish population consisted of 5.8 million people. By 2030, it should reach 6.1 million, growing thus by 4.6%. So the growth is there but in which direction is it going?
In 2019, one in four Danes has passed 60 years (25.5% of the population). By 2030, the share of the population older than 60 years will be 28.9%. Furthermore, the population in the working-age will increase only on the back of the extension of the retirement age. Namely, the retirement age in Denmark will be increased gradually to reach 67 years by 2022. From 2030 onwards, it will be increased a maximum of one year every five years depending on increases in average lifespan. Finally, the population in the so-called ‘pension saving age’ (40-59 years) will contract by 9%. Also, the share of the 40-59 age group in the total population will decrease from 27% in 2019 to 23% in 2030.
This is certainly not a very optimistic outlook for the Danish pension funds and regional/communal municipal authorities. But it is a strong stimulus for investors to deploy more capital into senior housing.