Slide 8: Rising house prices in European cities In Denmark, we are especially focused on risks associated with house price developments. A number of European countries experienced housing bubbles in the years prior to the financial crisis, including Denmark.
In the post-crisis period of low rates, real estate prices have again increased rapidly in many countries – from China to Canada to Australia and the Nordics. In most countries, real house prices in and around larger cities have risen most. To some extent, this reflects various structural factors, such as urbanisation, rising incomes, and supply constraints in some cities.