Real Estate in Denmark

Location, Climate, and Economy -

Denmark is a Scandinavian country in Northern Europe that is part of the Kingdom of Denmark. Located southwest of Sweden and south of Norway, it shares a land border with Germany. Denmark is one of the founding countries and members of NATO, the Nordic Council, the Council of Europe, the Organization for Economic Cooperation and Development, the United Nations; the country is also part of the Schengen area.

The climate is maritime, characterized by mild winters, cool summers and long transitional seasons. The average January temperature in Denmark is 0°C, from July to August the air temperature is 16-18°C. Strong westerly winds blow most of the year.

Denmark is a country with a highly developed economy: industry, agriculture, transport, and services. Denmark ranks third in the world in terms of economic independence. The country ranks first in the world in the ranking of social mobility, one of the leading countries in the ranking of countries with the best indicators of income equality, has one of the highest nominal GDP per capita in the world and one of the highest personal income taxes in the world.

Market and real estate prices in Denmark

The real estate market in Denmark is very attractive for investors. According to Statistics Denmark and the Association of Danish Mortgage Bankers (ADMB), offers on the market in almost all areas and segments are steadily increasing in price.

It is also worth noting that buying residential property in Denmark is beneficial for obtaining a stable rental income. This is due to the fact that rental profitability remains quite high, rental rates are growing even faster than the value of real estate in Denmark.

The cost of real estate in Denmark

In May 2022, average property prices in Denmark rose by 5.0% year on year (compared to the same month of the previous year). The highest annual growth rates remain in the capital region - Copenhagen real estate has risen in price by 7.4% over the year. Annual growth rates above the national average were recorded only in the Zeeland region - by 5.9%. It is followed by Southern Denmark (+4.2%) and Central Jutland (+2.2%).

Nevertheless, the price of real estate in Denmark by the standards of the developed countries of Western Europe and Southeast Asia is quite acceptable. Apartments in Denmark are about twice as expensive as houses: the price per square meter of an apartment is 4,890 US dollars, per square meter of a house is 2,440 US dollars. Vacation homes occupy an average price niche of $3,120/sq.m. Above the average price level only in the capital region, where the cost is almost twice as expensive (4,745 USD/sq.m). This is followed by Zeeland (2,170 USD/sq.m), Central Jutland (2,044 USD/sq.m), South Denmark (1,670 USD/sq.m). The cheapest accommodation is in North Jutland ($1,550/m2).

In the current conditions of high monetary inflation in Europe and the USA, it is recommended to study local markets in local currencies, which gives an up-to-date understanding of prices at the time of the search.

Property types for sale

• Potential buyers can choose from the following types of real estate in Denmark:
• residential (apartments, villas, houses, mansions, holiday homes);
• commercial (shopping space, office space, warehouses, industrial premises, etc.);
• land plots.

Real estate website in Denmark (full catalog)

We recommend that you use only expert information and follow the instructions of specialists. The GEOLN.COM website will help with this since it contains the current catalog of verified real estate in Denmark.

Buying property in Denmark by foreigners: the nuances of investing

In order to profitably buy property in Denmark, you must first determine the priority investment goals, among which the most relevant are the following:

• Housing for the investor and his family (it is advisable to buy in the near future, as prices are constantly growing, their dynamics is ahead of the average rates on bank deposits).
• Investing in order to increase savings (constant rise in prices provides high returns and a fairly low level of risk).
• Investments in order to save savings.

There are clear restrictions on the rights of foreigners to purchase real estate, including a ban on buying property in the resort area, the impossibility of acquiring housing without a lawyer (whose services the buyer will have to pay), and foreigners are not issued loans in Danish banks (you can only buy housing for cash). The relevant legislation is in force in all Danish cities.

To complete a transaction, a foreign buyer must obtain a special permit from the Danish Ministry of Justice. You must also submit a statement of your income for the last three months. Documents are translated into Danish and apostilled (the apostille procedure in Denmark replaces the legalization of documents and does not require the legalization of foreign public documents).

Conditions under which the purchase and sale of real estate in Denmark for foreigners is allowed:

• the buyer previously lived in Denmark, the minimum qualification period is from 5 years;
• the investor is a citizen of the European Union and works in Denmark;
• the foreigner is not an EU citizen, but he has a residence permit or a business permit there.

GEOLN specialists carry out a high-quality selection of real estate according to individual parameters and an affordable price. We recommend contacting professionals who will ensure the preparation of the necessary documents, the comprehensive execution of the purchase and sale of commercial and residential real estate in Denmark.

Buying real estate in Denmark is a reliable way to save and increase funds, an opportunity to live in one of the most economically developed countries in the world with an effective system of social protection of the population, a high level of education and strong democratic traditions.