Real Estate in Copenhagen, Denmark
Last updated on Apr 12, 2024
Summary: The most desirable neighborhoods in Copenhagen, Denmark are Vesterbro, Frederiksberg, Østerbro, Nørrebro, and Amager. The average cost to buy a nice 2 bedroom home in Copenhagen is around $1,000,000 USD. The average cost to buy a nice 3 bedroom home in Copenhagen is around $1,500,000 USD. These properties typically include modern amenities such as updated kitchens, bathrooms, and living spaces. They may also include balconies, terraces, and/or gardens. There are no restrictions on foreign ownership for properties in Copenhagen. An expat should search for a home to buy in Copenhagen by researching the different neighborhoods and their amenities, researching the local real estate market, and contacting a local real estate agent.
How do I find a place to live in Copenhagen?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"One of the best ways to find a place to live in Copenhagen is to use online resources such as Airbnb, HomeAway, and other rental websites. Additionally, you can search for rental listings on local classifieds websites such as DBA and BoligPortal.dk. You can also contact local real estate agents who specialize in rental properties in the area. Additionally, you can look for postings on bulletin boards in local cafes, libraries, and other public places. Finally, you can also ask friends and family who live in the area for recommendations," said one expat in Copenhagen.
"We needed to rent a furnished apartment or home. That narrowed down our search to only one decently sized townhouse (rakehaus). In hindsight I wished that we had just sucked it up and purchased Ikea furniture to open up our choices. The townhouse was ok but I kicked myself for not listening to my gut instinct that one main bathroom for a family of four just wouldn't work for us. It didn't. And it was a supreme source of frustration because that one bathroom had a shower leak that the owner refused to fix until we moved out and charged us for the repair and cleaning of all the lime buildup. That's common in Denmark -- the owners of rentals will charge you for fixing things they should have fixed while you lived there," remarked one member in Copenhagen.
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What is a typical expat home or apartment like in Copenhagen?
"Apartment, I bought it and this is only since the rental market is very limited. Most people "own" some form of apartment here or houses in suburbs. The housing market has crashed and so things have loosened up quite a bit but it is still very expensive," said one expat in Copenhagen.
"Expat homes and apartments in Copenhagen are typically modern and spacious, with large windows that let in plenty of natural light. Many apartments have balconies or terraces, and some have access to a shared garden. The interiors are often decorated with contemporary furniture and artwork, and the kitchens are well-equipped with modern appliances. Expats can also expect to find plenty of storage space, as well as access to high-speed internet and cable TV," remarked one member in Copenhagen.
Expats interested in International Health Insurance should take a minute to get a quote from our trusted expat health insurance partner, CIGNA.
Expats interested in International Health Insurance should take a minute to get a quote from our trusted expat health insurance partner, CIGNA.
What is the average cost of housing in Copenhagen?
If you are thinking about moving to Copenhagen, cost of living in probably a key consideration. Expats commented about the cost of housing:
"Much higher. The low end of rented apartments is around 1000 USD per month and you do not get much for your money. Most rented apartments, if you can find them, go for between 1500-2000 USD per month," said one person in Copenhagen.
"The cost of housing in Copenhagen is generally quite high. Renting an apartment in the city center can cost anywhere from 1,500 to 3,000 euros per month, while a one-bedroom apartment outside the city center can cost around 1,000 euros per month. Buying a property in Copenhagen can be even more expensive, with prices ranging from 5,000 to 10,000 euros per square meter," remarked one foreigner who made the move to Copenhagen.
Should I buy or rent a home in Copenhagen?
If you have not spent a lot of time in Copenhagen, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"Buying a home in Copenhagen can be a great investment, as the city is known for its high quality of life and strong economy. However, it is important to consider the cost of living in Copenhagen, which is one of the most expensive cities in the world. Renting a home in Copenhagen can be a more affordable option, and it can also give you the flexibility to move around if needed. Ultimately, the decision to buy or rent a home in Copenhagen should be based on your individual needs and financial situation," said one expat in Copenhagen.
What do I need to know when buying property in Copenhagen?
When we asked expats what advice they would give a foreigner before buying a property in Copenhagen, they said:
"When buying property in Copenhagen, it is important to research the local market and familiarize yourself with the laws and regulations governing real estate transactions. It is also important to understand the tax implications of buying property in Denmark, as well as the costs associated with the purchase. It is also important to consider the location of the property, as well as the condition of the property and any potential renovations that may be necessary. Additionally, it is important to consider the availability of public transportation, schools, and other amenities in the area. Finally, it is important to work with a qualified real estate agent who can help you navigate the process and ensure that you are making the best decision for your needs," wrote one expat who made the move to Copenhagen.
Are foreigners allowed to own property in Copenhagen?
When we asked expats what advice they would give a foreigner before buying a property in Copenhagen, they said...
"Yes, foreigners are allowed to own property in Copenhagen. However, there are certain restrictions and requirements that must be met. Non-EU citizens must obtain permission from the Danish Ministry of Justice to purchase property, while EU citizens can purchase property without any special permission. Additionally, if a foreigner does not reside in Denmark or has not previously lived in the country for a minimum of five years, they may be subject to further restrictions and may need to prove that the property will be their primary residence. It is advisable for foreigners to consult with a local attorney or real estate agent to navigate the property purchasing process in Denmark," explained one expat in Copenhagen.
What appliances are typically included in a rental?
We asked foreigners in Copenhagen what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:
"Rental properties in Copenhagen typically include a refrigerator, stove, oven, dishwasher, washing machine, and dryer. Additionally, some properties may include a microwave, toaster, and other small kitchen appliances," remarked one foreigner who made the move to Copenhagen.
Additional Information about Searching for a Home in Copenhagen:
We asked foreigners in Copenhagen what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included...
"Expats searching for homes in Copenhagen often begin by researching online through various housing websites and portals that cater to international residents. They may also join expat forums and social media groups to seek advice and recommendations from fellow expats who have already gone through the process. Additionally, they may consult with local real estate agents who are familiar with the housing market and can help them navigate the rental or buying process. Some expats may also explore different neighborhoods in Copenhagen to get a feel for the area and identify potential homes that suit their preferences and budget. Networking with colleagues and friends who are familiar with the city can also provide valuable insights and leads on available housing options," explained one person living in Copenhagen, Denmark.
About the Author
Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.
Additional Information:
- Expat Guide to Copenhagen
- Public Transportation in Copenhagen
- Best Neighborhoods for Single Digital Nomads Living in Copenhagen
- Pros & Cons of Living in Copenhagen
- Best International Schools and Bilingual Schools in Copenhagen
- 7 Weekend Getaways for Digital Nomads Living in Copenhagen
- Best Bookstores and Libraries in Copenhagen
- Fun Classes for Expats Living in Copenhagen
- Public Transportation in Copenhagen
- Best Markets in Copenhagen
- Retire in Copenhagen Guide
- 7 Tips for Living in Copenhagen
- Pros & Cons of Living in Copenhagen
- Driving in Copenhagen
- Cost of Living in Copenhagen
- Health Care in Copenhagen
- The Insider's Guide to Copenhagen
- Healthcare & Health Insurance in Denmark
- Best Places to Live in Denmark
- Real Estate in Denmark
- Pros & Cons of Living in Denmark
- Health Insurance for Expats in Denmark
- Pros and Cons of Living in Denmark 2024