Danish Housing Slump Is Over, Central Bank’s Callesen Says

Denmark’s housing market is past the deepest point in its slump and the key triggers for a recovery are now in place, central bank Deputy Governor Per Callesen said.

“Denmark is a healthy economy, a surplus economy” so “there are no rational economic reasons why it shouldn’t pick up,” Callesen said in an interview in Copenhagen yesterday. The housing market has now “bottomed out,” he said.