Denmark: the country that can not get out of the housing bubble
If buying a house in Denmark has always been your dream, know that this picturesque country has been living in a bubble since last year: the real estate bubble! House prices have risen to reach peaks so absurd that, the Minister of Business is looking for valid solutions to the problem.
Among the viable ways of salvation from this real brick crisis, it emerges that of putting a brake on mortgages without repayment (they will not have to constitute 15% of the mortgage loan portfolio of the banks).
One of the major Real Estate economists said in 2017 that it is difficult for citizens to be aware of these changes. In reality, after a year, this heaviness feels, and how!
We try to encourage property owners to examine the new rules to prevent this price rebound, which, according to statistics, could continue uninterrupted if it were not to be curbed.
Many economists, however, fear that controlling house prices could cause a downward spiral, stopping price development and limiting competitiveness.
Is this the worst situation? Or will it happen when the market is deflating?
Pensioners are the most affected by this discomfort, since, having a low income, they can not cope with this period of '' golden bricks ''.
Last year around 50 billion crowns were invested in the residential area, making significant development.
Most of the capital came from abroad (almost half).
But apparently, all this, perhaps too hectic, has brought a price boom that does not seem to want to go down.
Despite the fact that in 2016 Copenhagen had set a new record, again in real estate, for the construction of 4,300 residential buildings, it seems that it is now in a stalled phase.
The market is cold, just like Denmark!
Among the viable ways of salvation from this real brick crisis, it emerges that of putting a brake on mortgages without repayment (they will not have to constitute 15% of the mortgage loan portfolio of the banks).
One of the major Real Estate economists said in 2017 that it is difficult for citizens to be aware of these changes. In reality, after a year, this heaviness feels, and how!
We try to encourage property owners to examine the new rules to prevent this price rebound, which, according to statistics, could continue uninterrupted if it were not to be curbed.
Many economists, however, fear that controlling house prices could cause a downward spiral, stopping price development and limiting competitiveness.
Is this the worst situation? Or will it happen when the market is deflating?
Pensioners are the most affected by this discomfort, since, having a low income, they can not cope with this period of '' golden bricks ''.
Last year around 50 billion crowns were invested in the residential area, making significant development.
Most of the capital came from abroad (almost half).
But apparently, all this, perhaps too hectic, has brought a price boom that does not seem to want to go down.
Despite the fact that in 2016 Copenhagen had set a new record, again in real estate, for the construction of 4,300 residential buildings, it seems that it is now in a stalled phase.
The market is cold, just like Denmark!
