1 Department of Business and Economics, Faculty of Business and Social Sciences, SDU2 Institut for Ledelse og Virksomhedsstrategi, Faculty of Business and Social Sciences, SDU3 Department of Business and Economics, Faculty of Business and Social Sciences, SDU
It has been feared that the steep rise in house prices in the 0s would reduce ownership affordability for the young generations. In fact, homeownership among young Danish households has been falling. This development can be explained partly by postponement of family formation and partly by increased income inequality. In this paper we present calculations of the number of month it takes for an average young wage earner family that is presently in a tenant position to save 10 per cent of the average dwelling value. Our calculations show that it has become more difficult for young families to save the required amount to enter into homeownership during the 0s.
Suburbs - Transformation and Development: Papers From the Nsbb-conference 17-19 September 2013 in Denmark, 2013, p. 126-139