13.01.2012 - Netherlands: House prices fell by 4pct in 2011
House prices fell by an average of 4% last year, the Dutch estate agents organisation NVM said on Thursday. In total, 118,000 properties changed hands, a drop of 7% on 2010. The drop in sales in the fourth quarter was 13%, compared with the same period in 2010, the NVM said. The organization expects prices to drop by a further 5% this year. The government's decision to cut the tax paid on property transactions from 6% to 2% of the value has not boosted the housing market as hoped, property experts told the Telegraaf...............................................Full Article: Source
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