Resilient mortgage market cushions house price falls
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Danish residential property prices continue to decline in 2009. Single-family and terrace house prices fell on average by 10.8% (-12.4% in real terms) from a year earlier to end-Q1 2009, to DKK12,452 (€1,669) per square metre (sq.m.), according to the Association of Danish Mortgage Banks (Realkreditradet). This was the fifth consecutive quarter of such price falls.
Other residential categories have experienced similar price falls:
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