Studies find that housing prices in the Danish capital are reasonable compared to other cities in Scandinavia and western Europe.

Politiken reports that Copenhagen is actually a cheap place to live, based on studies by the bank Nykredit and the National Bank (Nationalbanken).

An average 80 sqm apartment in the city will cost 2.5 million kroner (432,472 USD). That may sound like a lot of money, but a similar flat will cost you 3.7 million kroner (640,059 USD) in Oslo and 4.4 million kroner (761,151 USD) in Stockholm.

The Nykredit study found that even when factors such as different tax rates, income and mortgage rates were taken into account, Copenhagen still was a significantly cheaper place to live than its Scandinavian neighbour capitals.

Prices among lowest in western Europe

The Danish capital is in the low end, even if we move beyond Scandinavia. An overview of housing prices in eight European capitals released by the National Bank (Nationalbanken) revealed that only Vienna and Berlin was cheaper than Copenhagen.

Read the full story: thelocal.dk
Photo: I. Cyranek/VisitDenmark.com