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I find it hard to believe the Scandinavian world only suffered mildly concerning the housing market and costs of living during this economy. Especially when closer regions like Switzerland (Zurich) are considered one of the most expensive places to live in. Then again, nordic countries are quite secluded, geographically speaking, and they still protect their own very well...

https://www.eiu.com/n/singapore-and-zurich-top-the-list-as-t...

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I think your linked EIU article uncovers a bit of the secret:

> Singapore and Zurich top the ranking as the world’s most expensive cities

Especially the emphasis on cities. At least in Denmark, living in a city is a lifestyle choice. It is fair to want to live in a city, but one can't cry the added costs of your lifestyle decision as a general trend.

For Singapore (and other city states) one is obviously not afforded the choice.

In Denmark you can live in what's considered a rural area with 30-45 minutes commute to most places in central Copenhagen.

Also, we need to be a bit precise: cost of living and housing prices, while related, is not the same thing.

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