NORDIC CHAMBER Press Archive
Moody's: Risks associated with rising housing prices are growing also in Helsinki
“The risks associated with rising housing prices are mounting,” the credit rating agency concludes in its recent report on financial institutions in the Nordics. Jean-François Tremblay, an associate managing director of the financial institutions group at Moody's, reminds that a prolonged increase in housing prices inevitably entails the risk of a price correction. The bursting of a housing bubble, he adds, would have adverse effects on the operating environment of banks and other financial institutions. In Finland, however, the burden of value-impaired loans granted by banks remains for the present at a controllable level, according to Moody's. (Helsinki Times)