New report shows a bleak outlook for the danish real estate marked

[Italkcash Newsfeed]

New report from one of Europes biggest banks show a bleak outlook for the mortgage marked in Denmark. The problem is the amount of debt the danes have in their real estate. The average dane has 2,5 times the households annual income. Countries like Norway has 2 time the annual income and Sweden 1,5 time the annual income. This is not a problem seen as a single issue, but when 90% of the total danish GDP comes problem mortgage debt, compared with 50% of the norwegian and 40% of the swedish this could be a problem. 3,5% of the total real estate in Denmark is for sale. This is 0,8% more than in the US.

Danish mortgage bonds is known to be some of the most secure bonds to invest in. But this could show otherwise.

Be carefull when you go though your portfolio to make adjustments.


The Doc