These mainly include refinancing operations with full allotment against collateral, longer-term refinancing operations with an extended maturity and the expansion of the list of assets eligible to be used as collateral. All these non-standard measures are temporary in nature and can in principle be withdrawn at any time if we see upside risks to price stability.
When you consider some of the causes and consequences of that growth, it’s not hard to see why the property sector has fared pretty well over this period. Some of the following statistics may help to put some perspective around the demand for property.