When representatives of the Government, Finansinspektionen (the Swedish Financial Supervisory Authority), the Riksbank and the Swedish National Debt Office met on 15 June in the Financial Stability Council, the authorities all contributed reports as bases for discussion. A summary of the report on driving forces behind household indebtness is now published.
Housing prices and household debt have increased rapidly in Sweden over the past 20 years and concern over this situation is increasing. To understand the current situation, Finansinspektionen, the Riksbank and the Swedish National Debt Office have together analysed the causes of the increase in housing prices and debts during the spring.
The joint analysis points to the following six factors having a decisive significance for developments: