Interest-only mortgage increased in 2021
Danish homeowners increased their mortgage debt without instalments by kr. 63 billion in 2021 corresponding to 8.1 per cent. That is the largest annual increase since 2009. The development has been supported by new interest-only mortgage products and increasing prices on real estate. The increase means that kr. 843 billion (46.7 per cent) of Danish homeowners' total mortgage debt was without instalments at the end of 2021.