Real estate prices in the Netherlands continued to fall in March 2013, but the rate of decline has slowed, according to the portal 4-traders citing statistics agency CBS. The cost of second homes in March 2013 decreased by 7% in annual terms, which was less than in February (-8.3%) and January 2013 (-9.6%). In this case, on a monthly basis, prices rose by 0.1%
Real estate prices in the Netherlands, the fifth largest economy of the Eurozone, fell by 18% from the peak August 2008.
The recession has prompted the Dutch households tighten their belts to pay off their mortgages. Households in the Netherlands are among the most indebted in Europe. According to CBS, some homes are worth less than the loans issued to them.