Housing reform ‘will stabilise’ market – Danish central bank
New taxation system aims to reduce price volatility by 20% and stem rising house prices in cities
The National Bank of Denmark expects the country’s new housing tax system to reduce price fluctuations. The regime also attempts to balance the market between high-demand flats in cities and less populated rural areas.
Years of loose monetary policy – the current account rate is 0% and deposit rate –0.65% – have allowed the Danish house price index to continuously rise since 2012, mirroring the housing market of neighbouring Sweden. Rising mortgage credit and private debt have increased calls
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