Danes pay the highest housing costs in the EU

Nowhere in the European Union do people spend more money on basic housing costs than in Denmark.

Danes pay the highest housing costs in the EU
Danes spend more on housing costs than all other Europeans. Photo: marinv/Iris
According to new figures from Eurostat, Danish households use 29.3 percent of their disposable income on housing and standard utilities like water, electricity and gas. 
The EU average for total expenditures on housing and utilities is 24.4 percent of a household’s disposable income. 
Following Denmark as the most expensive countries to live in are Finland, France and Sweden. The cheapest EU country is Malta, where households use just 10.1 percent of their disposable incomes on housing and utilities. 
Not only is Denmark the most expensive country in the EU, it is also home to one of the largest jumps in housing costs over the past decade. Between 2005 and 2015, the share of housing and utilities in household expenditures increased by 3.1 percent in Denmark. The jump in Danish costs was the eighth largest in the 28-country bloc. 
Although the new Eurostat figures did not offer a detailed breakdown on utility spending, a previous analysis from the European electricity association Eurelectric showed that Danes pay the highest electricity prices in the EU thanks to extensive taxes and fees. 
While Danes face the highest housing costs in the union, their household consumption in other areas is cheaper than the EU average. For example, Danes spend just ten percent of their disposable income on food, slightly below the average but roughly just a third of what Romanians spend. 
Danes spend above the EU average when it comes to the purchase of vehicles, thanks to a 150 percent registration tax. But in categories including transport services, communications, household furnishings, clothing and insurance, costs in Denmark are at or below the EU average. 
An interactive graphic comparing household expenditures can be found below. 

Member comments

Log in here to leave a comment.
Become a Member to leave a comment.


Rental prices in Norway’s biggest cities continue to rise

The cost of renting in Norway's four largest cities rose overall during the third quarter, with prices up six percent this year, figures from Real Estate Norway show. 

Rental prices in Norway's biggest cities continue to rise

A sharp increase in rent prices in Norway continued throughout the third quarter, figures from Real Estate Norway (Eiendom Norge) released on Tuesday show. 

“Real Estate Norway’s rental housing price statistics show a historically strong rise in rental housing prices in Norway in the third quarter,” Henning Lauridsen, CEO of Real Estate Norway, stated in a report on the latest figures. 

Growth was most robust in Stavanger and Oslo, according to Real Estate Norway. 

“The strong growth in rental prices we have seen in the wake of the pandemic continued in the third quarter, and it is particularly in the Stavanger region and in Oslo that the growth in rental prices is strong,” Lauridsen said. 

Stavanger and nearby Sandnes saw the largest price increases, with the cost of renting there increasing by 4.7 percent during the third quarter. During the same period, rents in Oslo increased by 2.5 percent, while a marginal 0.3 percent rise was recorded in Trondheim. 

While the cost of renting in Norway’s four largest cities overall increased by 2 percent, rental prices in Bergen declined. There, rents fell by 2.5 percent in the third quarter.

Lauridsen said that the increase in rental prices was likely to continue due to several factors. High inflation, interest rates, increased taxes on rental properties and a low supply of homes on the market all contributed to increasing rents. 

However, he did note that the supply of rental homes on the market had increased in Trondheim and Oslo since the summer. 

Lauridsen said that the least well-off financially were being hit hardest by rent rises. Previously, the Norwegian government has informed The Local that it will not introduce a temporary cap on rent increases. 

READ MORE: Norway’s government rules out a temporary rent cap