Chart of the day: Rise and decline in Dutch house price bubble, 1996-2012
The interesting thing about the chart below is that the maximum rate of property price increases in the Netherlands was just after the euro was introduced when year-on-year prices rose a staggering 20%. Since that time the trend has been down, with prices falling since 2008. Recently, there has been an acceleration to the downside, with prices falling 8% year-on-year in September 2012, the fastest rate in this time series.
Source: NRC Handelsblad
About Edward Harrison
Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty years of business experience. He is also a regular economic and financial commentator on BBC World News, CNBC Television, Business News Network, CBC, Fox Television and RT Television. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College. Edward also writes a premium financial newsletter. Sign up here for a free trial.
