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In the Copenhagen area property prices are already growing faster than salaries. Yeah, that's what worries me - landowners having earned enough wealth will sta
by Eug894 8y ago
In the Copenhagen area property prices are already growing faster than salaries.
Yeah, that's what worries me - landowners having earned enough wealth will start to use their land for other purposes. Or there will be other wealthy people who will order such a reassignment. Thus increasing prices faster than technology can increase supply. It seems unlikely, but who knows for sure? Thanks for the info!
- renjimen 8y agoThere are some quite strong laws in Denmark about the foreign ownership of land, and tax starts to ramp up quite quickly as soon as you purchase a second property. People don't tend to put their earnings into multiple properties like they do in, say, the UK (where I'm from). I haven't read much into the property market here but I would guess the rapid increases in prices is down to increased demand from people moving here, rather than land owners re-purposing their property. I could be wrong though :)