Property Investor information: Denmark
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Property Investor information for: Denmark
Denmark is the most southerly of the Scandinavian countries, with a climate similar to Scotland. Unlike the other Scandinavian countries of Finland, Norway and Sweden it is not mountainous and is fairly flat. It is has close links with Sweden, having a similar language and has recently built a toll bridge between the two countries spanning the Baltic Sea. 70% of the Danish population speaks English and this is as high as 95% amongst the younger and higher educated populations.
Capital Gains tax on the proceeds derived from the sale of property/real estate is exempt from tax unless you sell within three years of purchase or are buying and selling on a professional, commercial basis.
There are some restrictions on Foreign Ownership in some areas, especially when buying summer holiday homes (sommerhuse). This is particularly prevalent when buying holiday homes along the coast. However, the purchase of "all year round" homes which are not on the popular parts of the coast is possible.
The capital of Denmark, Copenhagen, is popular and becoming increasingly so with the new bridge that has opened connecting Denmark and Sweden, thus making access to all parts of Scandinavia easier. The city has a mix of quaint, old fishing village charm and the cosmopolitan feel of a large city. Popular areas to buy are the apartments near the harbour and docks. The rest of Denmark is much more rural, with the most popular areas being the coastlines, particularly along the west and northern coasts of Jutland, with Rungsted, Valleroed and Oderup to the North and areas in the Danish mainland also being popular.
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