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News in english 16. jul. 2012 KL. 14.15

Positive equity down 770 billion

The positive equity for the average home owner has dropped considerably since 2007

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Overall equity among homeowners in Denmark has dropped some DKK770billion since the housing bubble burst after 2007, with the average home owner having lost some DKK540,000 in positive equity, according to a Nykredit Markets analysis.

According to the calculations, based on figures from the Mortgage Council, Statistics Denmark and the central bank Nationalbanken, detached home owners have been hardest hit.

In the first quarter of this year alone, positive equity among these home owners has fallen by over DKK25,000 compared to an average for all types of housing of DKK17,000.

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Edited by Julian Isherwood