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Denmark takes steps to avoid property market overheating

Financial regulator investigating whether banks are lending borrowers more than they can afford to repay

Thu, Jul 30, 2015 - 5:50 AM

Danish apartment prices are at their highest since June 2006, when the market last approached record levels that precipitated a crash. House prices are still below their pre-crisis peak nationwide but have continued to climb, according to official statistics.

PHOTO: BLOOMBERG

Copenhagen

DENMARK'S financial regulator is policing banks more closely to ensure lax credit standards aren't fuelling an overheated property market.

The Danish Financial Supervisory Authority (FSA) is investigating whether banks are lending borrowers more than they can afford,...