Daily: Dutch house price declines steepest on record

The accelerating decline of Dutch house prices puts the Netherlands into a group with the US, the UK, Spain, Ireland and the Baltics that have seen housing bubbles pop as a result of the Great Financial Crisis. Dutch house prices are now at levels last seen in 2004. Dutch mortgage to GDP ratios are well over 100%. The sub-prime nature of lending in the Netherlands is now coming back to haunt the country and causing a balance sheet recession, one reason the Dutch are having debt and deficit probl...


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