These days, Danish real estate is popular abroad, and sales to foreigners are at their highest number in years, writes Danish media Danmarks Radio (DR), which has mapped out the market.
Just about every third major real estate company in Denmark is owned by foreign property companies, pension funds, or investors. In 2014, foreign companies accounted for 40 percent of all real estate purchases in Denmark, according to a research by broker Red Property Advisers P/S.
"There is a clear tendency that the Danish real estate market has become part of a global market. It was very local previously, and only Danes invested," says Claus Bælum, partner at Red Property, to DR.
In just five years, foreign buyers have gone from spending DKK 4 billion on Danish real estate to spending DKK 26 billion in 2016. According to Curt Liliegreen, Project Director at the Knowledge Centre for Housing Economics, this is due to the fact that investors view Denmark as a peaceful country with good basis for investment due to positive yields and political stability.
Primarily Swedish and German investors are buying Danish property, but also British, American, and Norwegian investors are discovering Denmark.
Most recently, prominent Norwegian billionaire Petter Stordalen has attracted attention by buying several hotels in Copenhagen and Aarhus.
English Edit: Marie Honoré