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

Do NOT follow this link or you will be banned from the site!