Danes lulled into thinking the home market can only rise may get a 'shell shock'
Nykredit analyst says they need to start putting the possibility of housing price declines "on their radars"
Wed, Aug 10, 2016 - 5:50 AM
Denmark has already introduced a number of rules designed to cool the housing market, such as requiring a 5 per cent downpayment and applying stricter tests to ensure households can withstand sudden increases in interest rates. The government is also considering changing tax laws in a direction that may add to the burden of city apartment dwellers.
DENMARK's biggest mortgage bank is urging homeowners to remember that a seemingly unstoppable series of price gains can end, and even go into reverse.
At Nykredit, chief analyst Mira Lie Nielsen says Danes need to start putting the possibility of housing price declines "...