Netherlands House Prices Drop 8% for a Second Consecutive Month

House prices in the Netherlands, the euro area’s fifth-biggest economy, declined by 8 percent for a second straight month as uncertainty persisted about further cutting back of mortgage-tax breaks.

Prices fell 8 percent in August from a year ago, after a falling the same amount in July, which was the biggest drop since the index started in 1995, national statistics agency CBS, based in The Hague, said on its website today.