Monday, September 3, 2012

Denmark’s (AAA rated) housing slump

Danish Housing Slump in End Phase as Excesses Die Out

"Home prices have plunged about 25 percent since a 2007 peak and declines this year will average 3.5 percent, the government estimates" . “Should interest rates rise sharply, that is potentially the most painful economic shock to Denmark.” S&P's Tornqvist said.

Posted by alan @ 10:18 AM (839 views)
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