Dutch housing market declines, high household indebtedness, and rising unemployment could spark bankruptcies [SoberLook]


In another sign of developing troubles in the Eurozone “core” states, the Dutch housing market declines (discussed here) are continuing. This is driven in part by weak consumer confidence and uncertainty surrounding the proposed mortgage relief program. According to CS, home sales and residential construction are at new lows.

 

Read more

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.

Join 4,931 other followers

%d bloggers like this: