Renting vs Buying Property in Greenland

For most newcomers, renting is the primary housing option in Greenland. Buying property is possible, but it is uncommon and usually considered only after long-term residence.

This page explains the practical differences between renting and buying property in Greenland, including availability, costs, and what foreigners should realistically expect.

Renting property in Greenland

Renting is the most common option for foreign workers and new residents.

Advantages of renting

  • Lower upfront commitment
  • Flexibility for short- or medium-term stays
  • Easier relocation between towns

Challenges of renting

  • Limited availability, especially in Nuuk
  • Competition for available units
  • Prices influenced more by supply than by market choice

Many rental arrangements are facilitated through employers rather than open listings.

Buying property in Greenland

Buying property in Greenland is legally possible, but the market is small and highly limited.

Who usually buys property

  • Long-term residents
  • Local residents
  • People with strong local ties

Foreign newcomers rarely purchase property during their first years in Greenland.

Challenges of buying property

  • Very limited selection
  • High maintenance costs due to climate
  • Lower liquidity compared to larger markets

Buying is usually a long-term lifestyle decision rather than an investment strategy.

Costs and financial considerations

Both renting and buying involve costs beyond the headline price.

  • Heating and utilities
  • Maintenance and repairs
  • Insurance and local fees

These costs can be higher than expected due to climate and logistics.

What foreigners should realistically choose

For most foreigners:

  • Short-term or fixed contracts: renting is usually the only realistic option
  • Long-term relocation: renting first, then reassessing after several years

Employer-provided housing often removes the rent vs buy decision entirely.

Common misconceptions

  • Buying is always cheaper in the long run
  • Foreigners commonly buy property
  • Housing markets work like mainland Europe

Related guides

Last updated: January 2026