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How do I buy property in Copenhagen?
Contact a real estate agent
If you wish to buy property in Copenhagen, it is first of all a good idea to contact a local estate agent who knows the market and who can help meet your requirement and wishes.
Requirements for non-Danish citizens
However, there are certain requirements for non-Danish citizens when it comes to buying property:
Unless you have lived in Denmark for a period of at least 5 years, you must obtain permission from the Danish Ministry of Justice (Justitsministeriet) to buy property. However, this restriction does not apply if you are an EU-citizen, and if the property is to be used as a permanent residence.
In any case it is a good idea to contact The Ministry of Justice if you wish to buy property.
Type of property
When you are ready for buying property, you need to decide which type of property you wish to buy. The different options are listed and explained below:
- House (detached or terraced)
Typically, houses are very expensive in Copenhagen, and they are often located a bit away from the city centre. The further away you get from Copenhagen, the cheaper the houses are.
- Owner-occupied apartment
When you buy an owner-occupied apartment, you own it once you have paid off the mortgage, and you can take out home equity loans.
- Co-operative apartment
Co-operative housing is based on the idea that everyone in the cooperative has bought a small part of the whole association. Therefore you share the expenses, but you cannot take out loans in your apartment. Co-operative housing used to be cheaper than owner-occupied apartments, but today they can be more expensive.
Find more information on regulations relevant to property owners at Housing.