Dutch housing market declines, high household indebtedness, and rising unemployment could spark bankruptcies [SoberLook]
September 29, 2012 Leave a comment
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.