House prices in the Netherlands declined at the fastest rate ever recorded in July, data released by the Central Bureau of Statistics showed Tuesday.
The index of existing home prices fell by 8 percent on an annual basis in July, making the biggest decrease since the series started in 1995.
Prices of single family homes were lower by 8.3 percent compared to July 2011, and apartment prices by 6.8 percent, data showed.
At the same time, the total number of transactions recorded in the first seven months of 2012 deceased 3 percent from a year earlier to around 66,000, the agency said.
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