According to data from the “Association of German Pfandbrief Banks” – the host of today’s seminar – prices rose by around 3.5 % during the first three quarters of 2013 – a figure that does not appear too exciting. Overall, prices in Germany have not yet moved away from fundamentals.
The range of interventions decided to date is unprecedented; the Council announced that, if necessary, the amount of the extraordinary purchase programme will be increased and its composition reviewed.