September Data from Netherlands CBS
Prices for September are down over 4% year on year, a moderating of the fall that was -10% mid-summer.
Rabobank thinks housing is undervalued
by 25 to 30 percent, and that prices will recover in another year. But admits that mortgage debt is already among the highest in Europe.
Worth noting that a gain of 30% would more than wipe out the entire decline since the change in world credit spurred by the crisis and would send prices to new highs.
Here are Dutch house prices against average income compared to Britain and US. You can decide if this looks undervalued and ripe for a rise.
Prices for September are down over 4% year on year, a moderating of the fall that was -10% mid-summer.
Prices of existing owner-occupied dwellings were at the same level in September 2013 as in early 2003. They were 19.6 percent below the record level registered in August 2008.
Rabobank thinks housing is undervalued
by 25 to 30 percent, and that prices will recover in another year. But admits that mortgage debt is already among the highest in Europe.
Worth noting that a gain of 30% would more than wipe out the entire decline since the change in world credit spurred by the crisis and would send prices to new highs.
Here are Dutch house prices against average income compared to Britain and US. You can decide if this looks undervalued and ripe for a rise.
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