House price fall levels off in October

Friday 20 November 2009

House prices fell by 5.2% in October compared with a year ago, but the decline was slightly less than in September, according to new figures from the national statistics office CBS.

House prices have fallen since February but appear to have stablised over the past two months, the CBS said.

Prices were down nationwide but the drop was sharpest in Groningen (-8.1%) and smallest in Overijssel (-2.3%).

In total, 11,400 homes changed hands in October, down 31% on a year ago. Apartments were the most likely to sell, the figures showed.

The CBS did not say what the average sale price of a typical family home now is.

© DutchNews.nl

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