What is a housing cooperative in Denmark?

housing cooperative in Denmark Photo by Sébastien Beauchamp on Unsplash

Housing cooperatives are popular in Denmark.

If you have some savings, you may want to consider investing in a housing cooperative (“andelsbolig”). Cooperative associations acquire, own, and operate estates for its members – so as a member you don’t own a specific estate but rather have stakes in the association itself.

Prices for an “andelsbolig” can vary, but it’s generally cheaper than buying an apartment. There are different ways of setting the price. If you’re not an expert on the topic, you should contact one at your bank or within your network.

Generally speaking, you should make sure the cooperative association doesn’t owe any large debts and you should try to get a low monthly rent even if it means the price of the “andelsbolig” is more expensive.

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