Netherlands House Prices Dropped the Most on Record Last Month
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House prices in the Netherlands, the fifth-biggest economy in the euro area, dropped in July by the most since the index started in 1995.
Prices declined 8 percent from the same month a year earlier, after falling 4.4 percent in June, national statistics agency CBS in The Hague said on its website today. Values have fallen 15 percent from a peak in 2008 and are back to about the same level as eight years ago, CBS said. Prices had already dropped 5.5 percent in May from a year earlier.