Over the course of less than two years house prices went up by more than 50% in most markets. And housing activity-the number of houses being bought and sold-was about 30% higher than prepandemic levels.
Lucas Papademos: The ECB’s accountability towards the European Parliament Introductory statement by Mr Lucas Papademos, Vice President of the European Central Bank, at the presentation of the ECB’s Annual Report 2009 to the Committee on Economic and Monetary Affairs of the European Parliament, Brussels, 27 April 2010.