Slump hits Dutch housing market

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Figures from the Dutch statistics office CBS show that just under 56,000 newly built homes were put on the market in 2010, over 32 percent fewer than in the previous year.

The figure is the lowest recorded since 1952. The slump was most marked in new homes for sale rather than for rental.

Construction sector umbrella organisation Building Netherlands says support for first-time buyers is needed to get the housing market back on its feet. It points out that Interior Minister Piet Hein Donner is reckoning on 75,000 new homes being built per year and that, if the present trend continues, there will be a shortfall of 100,000 homes by 2016.

© Radio Netherlands Worldwide

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