Fri, Apr 25, 2014
A A A
Welcome hendrik.absolut
RSS

Real Estate Briefing - Categorized | Finance, Regulatory, Residential property Watch more

Danish FSA says stricter home loan rules will avert next crisis

Posted on 20 November 2012

Denmark, where a burst housing bubble threatens to drag the economy into its second recession in less than a year, may require home buyers to pay more up front as part of a palette of anti-crisis measures under review.
Denmark needs to reconsider the lending standards that contributed to its 2008 housing crisis, according to Ulrik Noedgaard, the director general of the Financial Supervisory Authority. While the bond-backed portion of Denmark’s residential property market complies with an 80 percent loan-to- value rule, access to bank loans to help home buyers finance the rest may have been too lax, the FSA said………………………………………..Full Article: Source


 Article link

This post was written by:

Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


Contact the author

Comments are closed.

banner
banner
April 2014
M T W T F S S
« May    
 123456
78910111213
14151617181920
21222324252627
282930