Statistical news focuses on the latest figures and trends in Danmarks Nationalbank’s statistics. Statistical news is targeted at people who want quick insight into current financial data.
Danish housing debt is accelerating once more
Since the beginning of 2025, Danish homeowners have increased their housing debt by kr. 36.5 billion, which is more than the total increase over the past three years combined. Even though mortgage loans are the primary driver, accounting for kr. 25.5 billion of the increase, bank housing loans are also gaining traction. Bank debt for housing purposes has risen by 4 percent since the end of last year, compared to a 1.5 percent increase in mortgage debt. This renewed appetite for borrowing among Danish households should be viewed in light of the fact that the average annual interest rate (including fees) on new housing loans has fallen by nearly 2 percentage points since it peaked at the end of 2023. At the same time, the lower interest rate has caused the market value of Danes’ mortgage debt to increase by kr. 67.5 billion more than the nominal value of their underlying debt.
Danish households have increased their housing debt by more than kr. 36 billion this year
Note:
The chart shows the accumulated change in Danish private customers' (employees, pensioners, etc.) total housing loans from banks and mortgage banks, measured at nominal value. For bank loans, it is limited to loans for housing purposes, and for mortgage loans, it is limited to loans for owner-occupied homes and holiday homes. Find chart data in the Statbank here and here.