Building sector bankruptcies soar

The number of construction firms going bust in the third quarter of this year rose nearly 25% on a year ago, as the housing crisis continues to bite.

The national statistics office CBS said on Tuesday some 17,000 fewer people are now employed by the building trade than a year ago.
The number of bankruptcies rose by nearly 74% in the second quarter.
No recovery is expected in the short term, the CBS said. The number of building permits for new homes fell 36% in the first eight months of this year, while permits for new retail developments were down 43%.

Thank you for donating to

We could not provide the Dutch News service, and keep it free of charge, without the generous support of our readers. Your donations allow us to report on issues you tell us matter, and provide you with a summary of the most important Dutch news each day.

Make a donation