Apartment prices in Copenhagen up despite tighter lending rules

Copenhagen

AFTER almost six years of negative interest rates, Copenhageners are enjoying a property boom that's making them richer than ever before.

Fresh data provided by Boligsiden.dk show apartment prices in the Danish capital rose about 10 per cent in February from a year earlier.

The mortgage unit of Danske Bank, Denmark's biggest lender, says it's worth noting that values are rising despite a tightening in lending rules and the first rises in mortgage rates. Danes also face higher apartment…