The Netherlands has had the largest fall in house prices and it is expected that the Netherlands will be able to look up again in the course of this year or early next year. This is the expectation of the Bank. see fnwire.com for more notes
If it is true what Mr knat expects, that is of course good for consumer confidence. If your largest possession becomes worth more again, this naturally lives a lot better. At this time, approximately 800,000 consumers are expected to have a mortgage that is higher than the value of the home. These consumers cannot sell their property without the fact that they have a residual debt.
The premise is, of course, that (even) Mr. knat does not have a glass sphere. Nor is Mr knat’s prediction of course a guarantee. It is nevertheless a very pleasant idea that there are signs that may indicate that the housing market is picking up again. If this actually happens again, the entire Dutch economy will benefit from it.
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