Property prices in Denmark go through the roof
Negative rates feed housing boom, resulting in prices higher than at any point in history
Copenhagen
SEVEN years after Denmark's property bubble burst, house prices in the country's biggest cities are already higher than at any point in recorded history.
It is one of the clearest signs that efforts to defend Denmark's euro peg with an unprecedented injection of cheap money may be distorting some corners of the economy. The central bank's benchmark deposit rate is minus 0.75 per cent after four cuts this year. Yields on government bonds are negative for maturities as long as five years. Mortgage-bond yields trade below zero for maturities up to three years.
"Perhaps it's okay to have negative rates, but there are a lot of other problems that derive from tha…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
DBS puts 46 retail units, HDB shops on market for S$210 million
US mortgage rates jump above 7% for the first time this year
Far East Shopping Centre back on market at unchanged S$928 million asking price
London mansions sold at 30% discount spell gloom for luxury market
Delfi Orchard up for collective sale at S$438 million guide price
US existing home sales drop in March; median price increases