Copenhagen

AFTER half a decade of negative interest rates, Denmark's housing market looks like it can only move in one direction: up.

Michael Rasmussen, the chief executive officer of Nykredit Realkredit, the biggest Danish mortgage lender, says that the "tailwind" looks like it will last. "We have a strong real estate market and we, of course, benefit from that. I still see a low interest-rate environment for some period and I also see a pretty healthy real estate market, at least for the rest of the season."