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Denmark Property Investment For Sale | Guides, Economy and Denmark Hotspots

 

"A modern thriving business hub with a high cost of living."

 

Boasting one of the highest standards of living in the world, with one of the best social welfare systems, Denmark is often seen as a model state with an equitable distribution of income.   Though the majority of land is used for agricultural purposes, Denmark’s main areas of employment are based in services, manufacturing and industry, with world-leading firms in pharmaceuticals, renewable energy and maritime shipping. 

As a long standing EU member Denmark has strong trade and business links within Europe, especially with Germany and like other Scandinavian countries has a highly educated and skilled population that is fluent in English and is business orientated.

With taxation extensive in all areas, the cost of living in Denmark is higher than in other European countries; however the country provides enviable public services, healthcare, education and infrastructure and has topped surveys that rank countries in terms of citizen happiness, the peaceful nature of the country and in quality of life.

Denmark housing boom ended before the global financial crisis and continued to fall with the economy, whilst the historically low levels of unemployment rose sharply. Neither-the-less, Denmark remains one of the strongest economies in Europe and its capital, Copenhagen, a thriving hub with good rental returns.
 

Country Guide

Geography

Denmark is the southernmost Scandinavian country. The country offers a variety of vibrant cities with a mixture of rural countryside. The country borders the Baltic and North Sea and consists of 443 named islands which include Zealand, Funen, Vendsyssel-Thy, Lolland and Barnholm. The larger of the islands are connected by bridges but the smaller ones are connected by either ferries or small aircrafts. The country is situated in a northern location which means that the length of daylight each day can vary considerably.

Government

Denmark is a Kingdom with a Constitutional Monarchy. The head of state is the monarch and is generally the source of all executive, judicial and legislative power. The government runs with a multi party system with the judicial branch as the Supreme Court where the monarch appoints judges for life.

Language

Danish is the official language. Some citizens speak Faroese and German but English is the main second language of Denmark.

Standard of Living

Denmark has a very high standard of living, one of the best in the world. Compared to other European countries salaries are relatively high with food and every day necessaries relatively cheap. For this reason taxes in Denmark are high. Denmark has a very good health care and education system which is paid for out of tax revenues so even though taxes are high the government returns a lot of the money in tax revenues.

 

Country Economy

Denmark is a very modern market with a strong and stable economy and is very dependent on foreign imports and exports to continue its growth. The economy initially relied on the country's agriculture and although this is still the most important industry within the economy, manufacturing and services have gained higher value within the growth of the economy. Denmark enjoys a very low unemployment rate and boasts one of the highest standards of living in the world.

Key industries:

Machinery and instruments, meat and meat products, dairy products, fish, pharmaceuticals, furniture, windmills.

 

 

Hotspots

Copenhagen

The capital city Copenhagen is one of Europe's oldest cities and the largest city in Denmark. Tourists come here for the modern architecture, theatres, museums, a lively night life and all year round festivals that show the culture of the capital. As Denmark is such a small country, investment tends to be centered in and around the capital city.

Copenhagen has seen increasing investment from both the government and commercial sectors. This includes an airport that is considered one of the best in the world, a new metro system, and the Øresund Bridge which opened in 2000 to link Copenhagen to the prosperous city of Malmo in Sweden. A limited amount of building land coupled with increased immigration to the city from employees of multinational companies, as well as Danes, has significantly improved property prices. .

Aarhus

Aarhus is Denmark's second largest city and is the main employment hub outside the capital. The town has a large number of resident companies and good regional transport connections. St Clemens cathedral, Den Gamle By museum and the Aarhus botanical gardens draw tourists to this city as do the Jyske opera and Symphony orchestra. Aarhus is also a university city, creating a well-educated workforce. 

Odense

The city is situated on the Odense river and is just over an hour away from Copenhagen. Odense has a small airport which regularly operates flights within Denmark and neighbouring countries. Odense city has many attractions which draw tourists to the city each year; including the Odense city museum, Odense Theatre and the University of South Denmark. 

Aalborg

Aalbourg is the fourth largest city in Denmark. Several big industries have been closed in recent years but the city still remains an industrial and commercial centre.  The city centre offers tourists a number of sight seeing opportunities such as Aaborghus castle, Budolfi church cathedral and Aalborgtarnet, a tripod tower built in 1933. Aalborg also has an annual carnival which attracts many visitors.

Vejle

Vejle is a small town situated at the top of the Vejle fjord. This little town is an industrial centre and shipping based around food production. St Nikolai's church is one of the town's landmarks and Vejle's oldest building while a prominent windmill erected on the nearby hills has become a symbol for the town.

Roskilde

Roskilde is an ancient city and a key economic centre to the west of Copenhagen. Home to the oldest train station in Denmark the city helps to forge connections between Copenhagen and several surrounding towns and the islands of Falster and Lolland.

The two main attractions are The Roskilde cathedral and the Viking museum which are situated close to each other making it easy to visit them both on a day trip from Denmark's capital, Copenhagen. Roskilde also has an annual rock music festival which has become one of the biggest rock festivals in Europe. All the money generated over this musical weekend is donated to charity making it a popular event.

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