BSU (boligsparing for ungdom, young people's housing savings)

BSU (housing savings for young people) gives a 10% tax deduction on up to 27,500 kr saved per year, up to 300,000 kr in total, through the year you turn 33, a maximum deduction of 2,750 kr a year. It is one of the fastest ways to build equity. You lose the deduction for any year you already own a home, but the savings can still go toward the purchase and count as equity toward the 10% requirement.