The National Bank of Denmark published statistics showing Danish homeowners increased their mortgage debt by 2.1% in 2025, equivalent to DKK 37.5 billion, with growth varying widely across the country’s 98 municipalities. Copenhagen Municipality recorded a 4.5% increase in homeowners’ mortgage debt, while Langeland Municipality saw a 2.7% decline. The release attributes these differences to variation in both new lending activity and regular instalments on existing mortgage debt. When adjusting for instalments, the dispersion narrows and all municipalities show an increase of between 0.7% and 5.9% in 2025; municipalities with the strongest lending activity also tended to have the lowest instalments relative to outstanding debt. For example, homeowners in Lolland Municipality paid on average more than five times as much in instalments per borrowed million as homeowners in Gentofte Municipality. The figures cover nominal-value loans secured on owner-occupied homes and holiday homes from mortgage credit institutions to Danish households, excluding bank-funded housing debt such as priority loans.
National Bank of Denmark 2026-01-28
National Bank of Denmark reports 2.1% rise in homeowners’ mortgage debt in 2025 with large differences across municipalities
The National Bank of Denmark reported a 2.1% increase in Danish homeowners' mortgage debt in 2025, totaling DKK 37.5 billion, with significant regional variations. Copenhagen saw a 4.5% rise, while Langeland experienced a 2.7% decline, attributed to differences in new lending and instalment payments.