House sales fall again in October

The number of homes changing hands last month was down 5% on the year earlier period and 8.5% on September, according to new figures from the land registry office Kadaster, quoted in the Financieele Dagblad.


The land registry’s figures tend to lag behind those collected by the national real estate agency NVM because it deals with completed transactions. This means the effect of new mortgage rules and a cut in property transfer tax are not fully reflected.
The government hopes the tax cut will give the housing market a kick-start because it has shaved thousands of euros off the cost of a house.

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