In many developed countries, house prices have been rising rapidly, mortgage debt has been increasing and affordability has worsened. It is in this context that the standard annuity mortgage is increasingly being supplanted by mortgages with non-standard features, such as longer terms or...

The presented house price index for Denmark from 1860 to 2012 has been constructed by analysing already published data from Statistics Denmark. Houses are heterogeneous assets, and nowadays they differ in many aspects from houses in 1860. Due to improved building quality, urbanization and the...

The taxation of the return of residential properties totally depends on the type of ownership and tenure in Denmark and the differences are seen in the computing of income, tax types and in tax rates from 0 % to above 60 %. Together with other housing subsidies this disparity of treatment in...

The dramatic increases in Danish housing prices from 2003 to 2006 cannot be explained satisfactorily by ífundamentalsî but only by using special bubble criteria. The paper presents a topical analysis of the financial stability of owner-occupiers in the nation with the highest household...

Danish mortgage is in its 4th century. Bonds have been used for the funding always. Debt services just pass through the mortgage bank to the investors, at one of the biggest bond markets compared to GDP. The Danish capital market and the interest level are close connected to Euro land. Yet,...

The long period of house price growth in markets across the world ended with the US and global financial crisis of 2007/08. The crisis and the consequent recession had profound effects on mortgage market actors – including households, institutions and governments – in most advanced...

In many developed countries, house prices have been rising rapidly, mortgage debt has been increasing and affordability has worsened. It is in this context that the standard annuity mortgage is increasingly being supplanted by mortgages with non-standard features, such as longer terms or...

ERES:conference

The existence of a foreclosure system is a presumption for an efficient mortgage system with high loan-to-values (LTV). Denmark is among the countries with the highest debt among owner-occupiers and other mortgage borrowers. Since 1979 Statistics Denmark has published data on foreclosures,...

In Denmark, taxation of residential property returns varies considerably with the type of ownership and type of tenure in terms of the way income is calculated, the types of taxes applied and tax rates, which range from 0 % to above 60 %. Together with other housing subsidies this disparity in...