Dutch Housing Market Quarterly Dutch version
The residential property market has experienced a difficult second quarter. Both the price level and the transaction numbers hit record lows. As a consequence of the lower transfer tax rate, a slightly higher number of people will move.
The new Rutte cabinet took up office on 14 October, and has since announced an agenda of severe cost cutting. Most of the savings will involve government (€ 6.1 bn), social security (€ 4.3 bn) and international cooperation (€ 1.9 bn).
Economic Quarterly Report
While the economy still appeared to be firing on all cylinders in the first quarter of 2011, by the second quarter the increase in economic activity had stagnated all but completely. The Dutch economy grew by only 0.1% on a quarterly basis, a rate that nevertheless did not come as a surprise