Best buys are three-room flats

Parents buying apartments for their children heading off to university in Copenhagen do wiseto spend a little extra and buy a three room flats

Parents buying apartments for their children should invest in larger apartments, according to mortgage provider Realkredit Danmark.

For DKK 110 extra per month, parents can get 20 sq.m more for their children in the capital region.

Prices per. sq.m have risen significantly for smaller apartments whilst the increase has not been as dramatic on larger flats, reports daily newspaper Politiken.

Realkredit Denmark explained that the extra room can be rented out. Sharing expenses with roommates can make owing the appartment profitable.

The extra space is not only good for student life, but also for providing security in the future. Children can eventually buy the apartment from their parents and start a family themselves.

The calculations are based on a guideline for apartments that cost an average of DKK 2,256,000. Some 80 percent of the cost would be financed by a loan with deferred amortisation and it presumes that parents would take out a mortgage on their house worth DKK 450,000.

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