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What is a reasonable price to you? You can in Denmark borrow 95% of the house/apartment price at very low interest rates. I have a fixed rate 30 year mortgage
by msh 5y ago
What is a reasonable price to you?
You can in Denmark borrow 95% of the house/apartment price at very low interest rates. I have a fixed rate 30 year mortgage at 1% interest rate for 80% of my house value, the rest if a loan is needed would be a bit higher.
If you are willing to gamble with a variable rate loan you can get negative rates at the moment.
Houses near metro areas are expensive but outside that they still seem reasonably priced.
- lostlogin 5y ago> What is a reasonable price to you? I’d say 5x median salary would be reasonable, and maybe a little more. Where I am, Auckland, it’s about 20x and this is a significant negative.
- mrweasel 5y agoDenmark is more like 6 - 10 times the median salary, but that will get you a very nice home in most of the country.