Denmark has seen the arrival of an increasing number of international investors, chiefly involved in the the acquisition of retail assets in the capital, Copenhagen, a commercial and tourist hub for the whole of Scandinavia and Northern Europe. The market for portfolios of residential properties in the larger towns has also been active and has been significantly affected by legal reforms. An increasing population and the country's success in avoiding the worst of the last decade's financial crisis has driven significant demand in this area.