Market Focus: Odense, Denmark
Odense is Denmark’s third largest city and most famous for being the birthplace of Hans-Christian Andersen. It has a population of almost 170,000 and is located on the island of Funen in the strait between Zealand and the mainland. The city celebrated its 1,000th anniversary in 1988. The famous Saint Canute’s Cathedral houses the remains of the 11th Century King Canute IV, later canonised.
Odense is home to several major industries, including shipyards, brewing and sales of fruit, vegetables and flowers. It has the third largest cluster formation of robotics technology in the world. The largest employer is the services sector (particularly administration, education and health), followed by transport.
REAL ESTATE OVERVIEW
Economic growth is set to resume in Denmark this year, following a slight contraction of 0.1 percent in 2012. GDP growth of 0.7 percent is forecast for the year. Consumer confidence is somewhat boosted