Financial expert explains: Why it could make sense for many families to realize their dream of owning a house in Denmark due to cost reasons.

Financial expert explains: Why it could make sense for many families to realize their dream of owning a house in Denmark due to cost reasons.

According to a report from www.shz.de, more and more families in Flensburg are faced with the problem that their dream of owning their own house remains unfulfilled. The increased interest rates and the moderate price declines make it difficult to make the leap into home ownership. Many sellers leave their homes empty instead of selling them to families with smaller budgets. At the same time, there is a real price paradise in Denmark, as a large part of the additional purchase costs are eliminated there. In Germany, buyers have to be prepared for around 12% additional purchase costs, while in Denmark the additional purchase costs are significantly lower. The strict conditions for purchasing holiday homes also ensure that the region around Kollund does not become “stylish” and relaxes the real estate market. The opportunity to buy a house in Denmark and plan your primary residence there is attracting more and more Germans to the Danish region around Flensburg. This is also due to the fact that in Germany many people live on rent and have never bought a house, while in Denmark everything is digitalized and very simple. The longing for Denmark as an everyday life also plays a role. Overall, the broker is observing a real trend of Germans wanting to emigrate to Denmark. The lower house prices and additional purchasing costs in Denmark combined with the longing for a life in Denmark are decisive factors.