In particular, we have highlighted the need to adopt more strenuous capital and liquidity standards on account of the higher volatility of our economic environment.
Construction always reacts to rising house prices with a certain time lag. Economic growth in Greater Copenhagen is still strong, however, and prices will be underpinned by the influx of new residents from the rest of the country. Three quarters of Denmark's owner-occupied homes are located outside Greater Copenhagen. In most areas, prices have risen more slowly, and price falls are less likely.