Rise in house prices is slowing down

Houses are expected to become 2.5% more expensive in 2008 and 2009 according to the latest quarterly forecast by the Rabobank which is the country’s biggest mortgage lender, reports ANP news service on Friday.

This puts the rise in house prices under the rate of inflation for the first time since 2003 says the bank.
Earlier forecasts by the bank had predicted a higher rise for this year and next.

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