Economics
Denmark’s Housing Market May Tumble Amid 25% Overvaluation
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Denmark’s property market may be facing another slump after a housing boom that turned to bust at the height of the financial crisis failed to push prices low enough to entice buyers.
The Nordic country’s housing market may still be as much as 25 percent overvalued, according to Jes Asmussen, chief economist in Copenhagen at Svenska Handelsbanken AB.