Denmark real estate market could lose 10 percent of value if speculation banned
As some of Denmark’s pension funds prepare to write down their property portfolios, the country’s housing minister says he would find a 10 percent market decline an acceptable outcome as he tries to alter the law to prevent speculation.
By Morten Buttler / BLOOMBERG
The comments follow a heated debate in Denmark, largely centered on Blackstone Group Inc. Kaare Dybvad, the minister for housing in the Social Democrat government, says the firm represents an “infamous” business model in which properties are bought, renovated and then put back on the market at rents that tenants can’t afford.
Already a subscriber?Log in here
Read the whole article
Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
- Access all locked articles
- Receive our daily newsletters
- Access our app
