Economic Memos provide insight into the analysis work being performed by Danmarks Nationalbank’s employees. For example, Economic Memos contain background analyses and method descriptions. Economic Memos are primarily targeted at people who already have a knowledge of economic and financial analyses.
Moderate setback on the housing market
The corona epidemic has caused a temporary reduction in housing market activity and a small drop in housing prices. However, stimulus packages and low interest rates continue to stimulate the demand for housing. Limited price decreases are therefore expected in 2020, and the price level is forecasted to rebound during 2021. Also, most owner-occupied dwellings have relatively low debt ratios, and only a small fraction of home buyers have been employed in industries that are currently very exposed. (Memo available in Danish only)