Denmark REAL ESTATE MORTGAGE LOANS BANKS
The real estate in Denmark

To get the real estate in Denmark it is slightly more difficult, than in the majority of the European countries. For its purchase it is necessary for non-residents to obtain the permit of the Ministry of Justice of Denmark. There are also additional restrictions on purchase of holiday apartments in resort areas of the country, at coast. It is necessary to consider that seizing in Denmark does not give the grounds on residence permit receptions.

Almost all work after purchase deed registration (“Skoede”) is incurred by the lawyer. It makes the preliminary agreement with the buyer, checks all conditions and the real estate inspection certificate, spends payment of local taxes, and prepares the definitive agreement.

At registration of purchase and sale of the real estate agency compensation (approximately 6 % of cost) is paid by the seller, cost of registration of a purchase deed (usually 0,6 %) shares fifty-fifty between the seller and the buyer. The buyer pays services of the lawyer which can make from $350 to $1000 and the duty both local gathering and taxes which can be from 0,6 % to 1,5 %.

Owners of the real estate in Denmark pay some taxes: the tax to the real estate makes 1 % from its cost; the rate of the local tax raised from cost of the earth, being in the property, is in limits of 0,5-2,5 % and depends on a property arrangement; the municipal tax makes nearby 1 % from cost of the earth which are in the property.

For real estate acquisition in Denmark hypothecary crediting is widely used. Unfortunately, it is inaccessible for just arrived to Denmark or to non-residents. At the same time, after real estate purchase probably to obtain the credit under its pledge. Usually the credit sum can make to 80 % of cost of pledge.