De Koning, Kees - Volkswirtschaftliche Fakultät, … - 2015
were not only used for building new homes at a price in line with CPI inflation, but the volume of such funds injected … allowed the housing stock to appreciate in price over and above the CPI inflation level. In 1998 still only 16.3% of funds … provided were used to increase the housing stock prices over CPI inflation, while 83.7% was used to build new homes. By 2004 …