Copenhagen Housing Boom Sparks Warning of Slump From Regulator
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Waterfront apartment blocks in Copenhagen.Copenhagen’s red-hot housing market has prompted the local financial watchdog to call on lenders to tighten credit standards, echoing recent concerns by the Danish central bank.In its semi-annual risk report, the Danish Financial Supervisory Authority said the speed of recent gains risks fueling a self-reinforcing cycle in which buyers pile in on expectations of ever-higher prices. It follows a similar assessment by Nationalbanken in November that warned of risks to financial stability if the price rally spills over to the rest of the nation.