The resilience of the individual homeowner, the resilience of the mortgage credit institutions and the resilience of the Danish economy as a whole. These are the focus areas of Danmarks Nationalbank. We neither can nor will curb price falls or price increases in the housing market. When house prices go up, indebtedness tends to increase too.
Historically, we've seen such rising indebtedness come with a delay of one and a half to two years. It may be different this time. We don't know yet. But we can already see one trend: There are currently signs that homeowners are taking higher risks. Mortgage credit institutions are increasingly granting loans to highly indebted homeowners.