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Danish housing slump amongst biggest in Europe

Danish housing slump amongst biggest in Europe (News (General))

by administrator @, Wednesday, June 17, 2009, 20:30

Housing prices fell by 10.5 percent last year, according to a new investigation, and experts say prices are unlikely to increase anytime soon

A new global housing price index study from The Economist shows that Denmark was among the top European countries for rapidly declining house prices last year.

According to experts, house prices in Denmark fell by 10.5 percent from the first quarter in 2008 to the first quarter this year. In addition, it showed that house prices increased by 103 percent during the housing boom of 1997 to 2009.

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