House prices set to fall 5%: Rabobank

Friday 15 May 2009

Rabobank analysts expect house prices to fall 5% this year, and 1% next year, according to the bank's quarterly report on the housing market.

'Consumer confidence is under pressure and there is a risk that it will fall further,' a spokesman told the NRC.

House prices fell 3.1% in the first three months of this year, according to figures from the estate agency group NVM.

© DutchNews.nl

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