This largely reflects the larger weight of real estate in euro area households’ portfolios (both in value and relative to GDP). The strong rise in property prices experienced in recent years by some euro area countries contributed to increase the share of housing wealth in total household wealth.
In addition, in helping local financial institutions to explore overseas markets and to seek business partners, AMCM started in 2007 to organize delegations of local financiers to make study tours to Angola, Brazil, Cape Verde, Mozambique and Portugal. More plans of such nature are now in the pipeline.