Articles & News from the real estate market in Denmark2021-10-27T19:21:54+02:00

Articles & News from the real estate market in Denmark

What do the new property assessments mean for you as a homeowner/homebuyer and how are they determined?

By |25. November 2021|Categories: New property assessments|

  The Danish Property Assessment Agency has just sent out the first property assessments, and many homeowners are asking themselves one question: What do the new property assessments mean for me? The purpose of the new property assessments and the new assessment/property tax system has been to make more accurate and transparent property assessments based on the realized property value in the area where the property is located, which means that the homeowner pays property tax based on the real [...]

How does a typical real estate transaction in Denmark proceed?

By |18. October 2021|Categories: How does a typical real estate transaction in Denmark proceed|

After having viewed the property, the buyer and seller enter into a purchase agreement, to specify the terms of the sale. These include the agreed purchase price, date of takeover, and the individual terms that the buyer and seller have agreed upon. Before you as a buyer consider looking at a property and making an offer, it’s a good idea to team up with a buyer's agent that can guide you through the purchase process and help you with the [...]

Condition report (tilstandsrapport) – Things you as a buyer should be aware of

By |16. October 2021|Categories: Condition report / tilstandsrapport|

The purpose of an inspection of the property with a construction expert, is to determine the condition of the building in question compared to equivalent buildings of the same age. As a buyer, you must thus be aware that there may be age-related technical conditions in the building, which are to be expected with this type of construction, and which are thus not described in the condition report. There may for example be dampness in the basement of an older [...]

Guide to change of ownership insurance

By |16. October 2021|Categories: Guide to change of ownership insurance|

What exactly does the change of ownership insurance cover and what should you, as buyer, be especially aware of? Briefly, the change of ownership insurance covers any hidden defects or shortcomings in the property, that are not listed in the condition report (tilstandsrapport) or the electrical installation condition report (elinstallationsrapport), and which you were not yourself aware of at the time of handover. As buyer, it is important, however, that you scrutinize the insurance terms carefully, as there can be [...]

Is the housing market in Denmark overheated?

By |12. October 2021|Categories: Is the housing market in Denmark overheated?|

It can hardly have passed anyone’s attention, that the housing market has been doing remarkably well over the last two years, with a record number of sales and record-high prices as a result. The Systemic Risk Council and The Governor of the Central Bank of Denmark have, among other things, recommended that the Danish Government ought to raise the down payment requirement, reduce the home mortgage interest deduction, and/or intervene/impose restrictions in relation to access to the non-amortization loans, which [...]

Buying property in Denmark as a foreigner

By |12. October 2021|Categories: Buying property in Denmark as a foreigner|

As a non-Danish national it can be quite a challenge to buy real estate in Denmark. There can be many pitfalls and a lot of buyers may not quite know where to start. Minkøbermægler.dk has made a list of some of the most important things you should be aware of when buying property in Denmark. 1. Make sure that you have talked to a few different banks and that at least one bank has pre-approved you for the buy. It [...]

Buying an apartment in Denmark – 9 typical points to focus on

By |1. September 2021|Categories: Buying an apartment in Denmark|

1. Remember to read the sales presentation closely. It contains important information on things such as existing debts, the property’s conditions of insurance, security for the owners’ association, outstanding loans that can be taken over or form the basis for refunding registration fees etc. Information in the sales presentation is required to be accurate, meaning the seller may be held liable for any false/incorrect information stated in the listing. 2. Familiarize yourself with the finances and operations of the owners’ [...]

 

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