House prices expected to fall 6% in 2009

The Rabobank expects house prices to fall 6% this year according to its latest overview of the housing market published on Thursday, reports the Telegraaf.

At the beginning of the year, the bank forecast a 3.5% decline in house prices in 2009 and in May revised its figure to 5%.
Over 20% of those who want to move have put off their plans to buy a new house because of the recession, the bank said.

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