Accommodation in Copenhagen

Buy house or flat in Copenhagen

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Property in Copenhagen is very expensive, but could prove to be a good investment. Prices in the city have risen by as much as 15% per annum in recent years. Many Danes rent their homes, so if you choose to purchase an apartment in the city, you should not have too much trouble renting it out after you leave the country.

The majority of property in the city centre is apartments, with houses more common as you begin to go out towards the suburbs. Many apartment blocks are old and do not have lifts. Ground floor apartments are the cheapest, and the price usually increases the higher you go, with top floor being the most sought after. Be warned - unless you are fit, climbing 5 floors of narrow winding staircases with your groceries each day can quickly become irritating! Many new developments are springing up in the Amager area, between the city and the airport. The area is scheduled for major redevelopment, including an extension of the existing metro line as far as the airport. It is already well-served by metro and bus connections and is close to the university campus.

Mortgages are available at a competitive rate of interest from the major local and international banks. You can borrow 60 times your monthly salary to fund the purchase of a property. It is advisable to have a mortgage agreed before viewing properties as sales tend to move rapidly and you may lose the chance to buy the property of your choice if you need time to put finance in place after making your offer.

Denmark has a property tax of 1% of the value of property that you own worldwide, payable annually.

Update 15/09/2007


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