The housing market is set to continue in its current situation for another eighteen months, according to Rabobank economists in their quarterly bulletin published on Monday.

Buyers cannot or will not pay the asking price and sellers are only willing to lower the asking price slightly, making houses difficult to sell. Falling prices will therefore continue, while the number of houses sold will remain low.
The Rabobank expects house prices to drop an average 5% over 2012 with a further fall of 4% in 2013.
The number of houses sold will remain the same at around 113,000.