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Housing economist at Nordea Kredit, Lise Nytoft Bergmann, predicts solid increases in house prices. This happens after the Economic Council has updated the forecast for the Danish economy
Funding maturity profile Nordea Direct Boligkreditt covered bonds Nordea Direct Boligkreditt provides residential mortgage loans. The lending portfolio is primarily financed by the issuance of covered bonds. Read more Nordea Eiendomskreditt covered bonds Nordea Hypotek covered bonds Nordea Kredit covered bonds Nordea Kredit grants mortgage lending secured by residential, commercial, agricultural or industrial properties in Denmark. All lending is 100% match funded through the issuing of covered mortgage bonds and mortgage bonds. Read more Nordea Mortgage Bank covered bonds Nordea Mortgage Bank is licensed by the Finnish Financial Supervisory Authority to issue covered bonds. Read more Green bonds Promoting businesses and innovations with sustainable solutions of energy and infrastructure is a priority in our investment and lending policies and guidelines.
Home loans at 0 per cent interest. Find out here!
The homeowners have benefitted from a continuing slide in rates for borrowing since this country s policy makers drove their rate below zero in 2012. With the rates continuing to sink, some other banks in Denmark are joining Nordea to provide this package. (Image: Creative Commons)
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Updated: Jan 8, 2021, 04:14 PM IST
Something that would surprise people in other parts of the world, banks in Denmark are offering 20-year home loans to the Danish citizens at a fixed interest rate of zero. Denmark has the longest history of negative central bank rates in the world. It stands out globally for having continued with it for a longer period of time than any other country in the world.