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6/25/12

The Netherlands - House prices fell more sharply in May

House prices fell 5.5% in May, compared with a year ago, meaning the price drop is accelerating, the national statistics office CBS said on Thursday.

In April, house prices were down 5.2% and in March 4.7%, the CBS said.
The price drop affected all parts of the country and all housing types.

The lower prices may be encouraging more people to take the plunge. Earlier this week, land registry office figures showed 2.7% more homes changed hands in May compared with a year ago.

Read more: DutchNews.nl - House prices fell more sharply in May

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