Feb 18 • 16:01 UTC 🇩🇰 Denmark Politiken

Wammen now reports on housing taxes

The Danish Social Democrats ruled out any changes to current housing taxes, stating they do not intend to alter the housing tax agreement from 2017.

In a recent statement to Ritzau, Danish Finance Minister Nicolai Wammen confirmed that the Social Democrats have definitively rejected any plans to change current housing taxes or introduce a tax on housing profits. He emphasized that the party would not campaign on altering the existing housing tax framework and is committed to maintaining the agreement made in 2017 regarding housing taxation. This decision underscores the party's current stance on maintaining stability in housing tax policies amidst rising prices.

The Social Democrats' approach to the housing market focuses on increasing supply rather than altering tax structures. Wammen indicated that the government is prioritizing new construction to address the problems of rising housing costs, citing a significant connection between high prices and a low supply of available homes. He stated, "We are deeply focused on increasing the availability of housing because the rising prices are closely related to insufficient housing supply."

Moreover, the explosive rise in housing prices, especially in Denmark's capital region, has been linked to growing inequality, according to the Social Democrats. This perspective reflects the party's recognition of the broader social implications of housing affordability, suggesting that their leadership recognizes the intertwined challenges of housing supply and social equity as they strive to manage the ongoing crisis in the housing market.

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