Showing posts with label deflation. Show all posts
Showing posts with label deflation. Show all posts

Thursday, June 18, 2009

House prices come down in the Eurozone

House prices come down in Europe

According to the European Central Bank (ECB):
House prices in the Netherlands have gone down just 0.3% in the first three months of this year
However according to the Dutch Realtor Association NVM prices fell by 3.1 percent in the same period. The ECB further stated that:
national figures and its own calculations showed prices were falling year-on-year in at least six of the 16 nations sharing the common currency and worse was to come.