By Adela Cazan
As foreigners and students consider moving to Denmark, housing remains a key issue for those thinking of making the move, where affordable housing in places like Aarhus remain scarce.
According to Claus Vogelius, Legal Adviser at Danish buying agency Bomae, Denmark is a popular choice among other European countries for relocation, where buyers generally come from locations with large population density such as London, Berlin, Stockholm or Hong Kong.
Claus adds that foreigners and students are drawn to large cities like Copenhagen and Aarhus, as it presents opportunities for socializing and networking, in addition to Danes looking to settle down. Claus provided examples of people accustomed to housing prices that are double or triple that of Denmark. “Compared to where the people are coming from, Denmark is a rather accessible country” Claus said.
Guidance for rentals and acquisitions
When considering the process of buying or renting, Claus recommends seeking guidance. As far as real estate is concerned, there are numerous services that provide guidance throughout the process.
“You will need to evaluate how long you will stay in Denmark” Claus advises, adding that renting will be a better alternative if you stay for less than 5 years. According to Danish law, foreigners can benefit from a grant to help them pay the rent, where additional information can be found through“lifeindenmark.dk” providing public information that will help with settling in Denmark.
Possible shortage in the housing market
As foreigners and students move to major cities like Aarhus and Copenhagen, housing has become a concern for those aiming to live in the city center. Kollegiekontoret Aarhus administration manager Diana Jørgensen stated there could a shortage in housing in the city center, but overall, the market is balanced. Diana explained that most people desire to live as close as possible to the city.
On the other hand, there is still a shortage of real estate at a reasonable price for students.
Claus adds that higher-priced properties may be rented out to students if there is low demand, but this is currently not the case. “The students are in need of affordable housing, at a fair price.” Claus said.
This echoes Diana Jørgensen who believes there is no shortage in housing, instead, there is a lack of affordable housing for students. “There is no shortage of housing possibility in the city center, but there might be a shortage of cheap ones.”