Dutch housing market stagnates

11th December 2008, Comments 0 comments

Representatives of the Dutch construction and housing industries ask Minister Van der Laan to address the struggling housing market.

AMSTERDAM - A group representing the different interests of the construction and housing industries in the Netherlands appealed to Housing Minister Eberhard van der Laan to take immediate steps to address the collapsing house market.

It is the first time that the Dutch Home Owners' Union, the Dutch Association of Real Estate Brokers (NvM), Aedes, the umbrella organisation of housing corporations, the Society of Building Contractors (NVB) and an organisation representing tenants jointly expressed their concern about the seriousness of the situation.

According to the most recent figures, the sale of houses was down 50 percent in November 2008 compared with November 2007. House prices are falling continually, and in some cases construction of new houses will be halted if the trend is not reversed.

[Radio Netherlands / Expatica]

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