Danish government wants more lenient mortgages to help first-time home buyers

Danish Government Proposes Easier Mortgages for First-Time Buyers

The Danish government aims to simplify mortgage access for first-time home buyers due to the high cost of housing. Culture Minister Jakob Engel-Schmidt addressed the issue in an interview with Ritzau news wire.

“In recent years, we’ve seen that a great many first-time buyers have been unable to get onto the housing ladder. The number of first-time buyers has fallen by almost 25 percent, and many young people are left pressing their noses against the window, unable to get in.”

The minister emphasized the importance of homeownership, calling it financially prudent and appealing. He expressed the government's goal to increase homeownership rates among Danes.

“We need to do something about that, because we know that owning your own home is generally both financially sound and attractive. The government and I want more Danes to own their homes.”

Proposed Mortgage Changes