Denmark Nears a Housing-Crisis Milestone as Deals Test 2006 High
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Danes are buying and selling homes at the fastest pace since 2006, when the frenetic pace of deals was followed by the worst property market crash in a generation.
This time, historically low interest rates rather than speculation are fueling the development, Denmark’s Systemic Risk Council said on Wednesday. The government is already tightening mortgage lending guidelines, but more may be needed, it said.