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If many people assume that home prices will continue to rise, it risks becoming a self-fulfilling prophecy. Arkivfoto: Thomas Borberg

Seven in 10 people considering their first home purchase now say they are motivated by fear that homes will become too expensive if they wait to buy. Economists warn it could end in a bubble.

Homebuyers are suffering from runaway 'FOMO'

If many people assume that home prices will continue to rise, it risks becoming a self-fulfilling prophecy. Arkivfoto: Thomas Borberg
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’I’d better buy now – because if I wait, prices will rise so much that I’ll be shut out of the owner-occupied housing market’.

That rationale is spreading rapidly among Danes who are considering buying their first home.

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