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Denmark’s Housing Market in Steepest Decline Since 2011

  • Buyers are negotiating bigger price reductions than earlier
  • Nykredit estimates Danish house prices to drop 10% from peak

House prices in Denmark are falling at the fastest pace since 2011 as higher borrowing costs push buyers to negotiate increasingly bigger discounts to asking prices.

Denmark’s challenges echo those of neighboring Sweden, where the market is slumping at the fastest pace since the 1990s. While the Danish housing market so far has fared better, rapidly rising interest rates are putting pressure on prices after a long period of sub-zero rates.