RaboResearch - Economic Research

Dutch Housing Market Quarterly Dutch version

Dutch Housing Market Quarterly February 2013

The second-hand housing market recorded a good fourth quarter in 2012. Prices stabilised and house sales rose considerably. The main reason was that buyers had a strong incentive to sign a provisional sale agreement before 1 January 2013.

Economic Update

Economic Update Belgium

GDP contracted slightly in 12Q4. Growth is expected to have been week across the board and is not likely to rebound strongly in 2013. On the upside, inflation is on a downward trend and agreements are reached to keep labour costs in check.

Economic Update

Economic Update Emerging Markets

In some emerging markets, economic growth has started to pick up in the fourth quarter of last year, but not in all. This year should be a better year than 2012, but growth will remain relatively weak and below the long-term trend.

Economic Update

Economic Update France

The French economy seems to have contracted mildly in 12Q4. Going forward, sentiment indicators in January point to a deterioration of economic activity, in contrast to the slight improvement seen in several other eurozone countries.

Economic Update

Economic Update United Kingdom

GDP contracted in 12Q4. The labour market continues to surprise on the upside. Inflation is expected to rise further, which will be an extra headwind for households this year. There are signs that the Funding for Lending Scheme is gaining traction.

Economic Update

Economic Update The Netherlands

The growth performance of the Dutch economy probably remained weak in the fourth quarter of 2012. Sentiment indicators point to stabilisation in the manufacturing industry at the start of 2013.