Months of continuously falling house prices in the Netherlands have failed to bring them down to more realistic levels.
Senior Rabobank manager Piet van Schijndel has told Het Financieele Dagblad that prices are still about 10 percent too high. Rabobank is the Netherlands’ leading mortgage provider.
Van Schijndel says an adjustment of housing prices would be the best way to jump-start the housing market.
“My view is that it would be best to get it over and done with.”
He argues that insecurity about prices in combination with a possible reform of mortgage interest tax rebates are blocking an adjustment.
(gsh/imm)
© Radio Netherlands Worldwide
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