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Denmark Real Estate – Buy Now

Monday, December 13th, 2010

According to the Association of Danish Mortgage banks, the average prices of homes and properties were DKK 18,814 or 2445 Euros per square meter. This has seen an increase by at least 3% since the previous year. There has also been a jump of 2% from the previous quarter last year. In the past two years, when the recession hit the World, the Denmark real estate listings also took a major hit. With 2010, the recovery in international real estate has seen an upswing.

In most areas and metropolitan areas of Denmark, there has been a sharp increase in the value of all the apartments and the flats. In Copenhagen, which is the capital of Denmark and an extremely picturesque place, the average cost of the apartments was shown to be 3056 Euros per square meter. However the prices of the detached houses in Copenhagen have not increased in the same way as the apartments and the flats in high rise buildings. The average price for the detached houses for those interested in Denmark real estate for sale is priced at 1,632 Euros. Copenhagen, which is also the largest city of Denmark, has registered an average price of 2809 Euros per square meter in the first quarter of this month.

Denmark is extremely cosmopolitan and there are people from all over Europe that come here to work and also come here as tourists. With the recovery, the government is facing budgetary deficits that are going to affect the unemployment benefits and housing assistance. This means that people have less money to spend in comparison with citizens in other country. However, the Denmark real estate market is confident that the recovery will continue and the prices will rise.

Investors that are looking for international rentals for investing in Denmark will be disappointed as of now. The Rental yields are in the range of about 6%, which is quite a low return. As the housing industry comes out of its crisis, the rental yields will also rise.

The best part is that the taxes are quite low for the real estate market in Denmark as compared to other countries in Europe. The rental income is chargeable that vary on rates between 5.48% – 15%. For companies, the capital gains tax rate is 28%. For those that are non resident in Denmark, the rate is 32%. If the property is inherited by immediate family, then the inheritance tax is 15%. However if the inheritance is for the spouse, then tax isn’t charged.

Freight Services in Denmark Supported by an Effective Transport Infrastructure

Monday, May 31st, 2010

Denmark is a vital hub for international freight and it is supported by an excellent and modern transport system, which is well regarded by shipping companies and freight services companies worldwide. Perhaps the best known landmark of the Denmark transport infrastructure is a remarkable feat of engineering that is a boost to the efficiency of freight forwarding between Denmark and Sweden – The Oresund Bridge

There are also other important bridges in Denmark that help facilitate effective freight forwarding by shipping companies in the country. These include the Storstrom Bridge linking the islands of Sjaelland and Falster and the Little Belt Bridge that links Fyn and Jutland.

The road system is well engineered and also well maintained right across Denmark, so it is well used by freight services. Many a freight company and shipping company have been pleased by the new train and auto link which connects Sjaell and Fyn. Denmark has over 70.000 km of paved roadways and 900 km of express ways.

The railway system has around 3000 km, of which around a quarter is privately owned. Only the Copenhagen S train network and the mainline Helsingor-Copenhagen-Padborg are electrified at present. All Danish railways are standard gauge, however. In particular, freight forwarders make considerable use of freight transport by train between Sweden and Germany.

As well as the many impressive engineering aspects of the transport system in Denmark, there are also some useful initiatives that make the transport system even more effective for freight forwarders. For example, The Oresunde Bridge crosses the border between Denmark and Sweden but the so-called Schengen Agreement means there are no passport controls. This is a big help for a freight company, saving valuable time and therefore money.

The Danish merchant fleet is also very strong, with over 300 ships of at least 1000 GRT. The majority of these ships belong to the Danish International Registry. This is an offshore registry programme for shipping companies that allows foreign ships to sail under the Danish flag. It is interesting to note that Denmark was the first country to use motor-driven ships and this pioneering approach has set the country in good stead in relation to its freight services infrastructure. It goes without saying that Denmark has many excellent ports and harbours, of which Copenhagen is the most significant.

There are also over 100 airports in Denmark, of which more than a quarter have paved runways. Kastrup Airport near Copenhagen is the centre of international freight air traffic.

This efficient freight transport system is vital because Denmark relies heavily on foreign trade. In the past, agricultural products made up the bulk of Danish exports but for the last 40 years or so, industrial exports have exceeded farm products in importance for freight forwarding.

The principal exports from Denmark are now machinery, instruments, iron, steel and clothing as well as food products, such as ham, pork, dairy products and fish. The United States of America are the largest non European trading partner, accounting for 5% of total Danish merchandise trade. The most important exports to the United States are industrial machinery, chemicals, furniture, pharmaceuticals and canned ham and pork. Meanwhile, aircraft, computers, machinery and instruments are among the major US exports making up international freight to Denmark.