Population: 5,717,041 GDP: $300,906,000,000 Avg. Weekly Earnings: €775.00 Avg. Apartment Price (Per. Sq. M.): €4,279.00 For 120-sq. m. apartment in city centre Avg. Monthly Rent: €1,077.69
In this post, we will be discussing the rent control strategies employed in Denmark, and their impact on the economic recovery and growth of the country. Of the countries we have analysed so far, Denmark ranks among the top in most complicated, convoluted rent control systems.
The Danish housing market is composed of four primary sectors: owner occupied housing, cooperative housing, public rental housing, and private rental housing.
The Danish system of rent control is predicated on the belief that landlords should not profit from letting their property; landlords can, therefore, only pass on day-to-day property costs (including property taxes) and a predetermined amount for the maintenance of the property. The Rent Act provides the general provisions of the contract between landlord and tenant, and pertains to the technical aspects of the tenant relationship.
There is also allowed a capital charge, which varies between 7% and 14%, depending on the age of the dwelling …