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Prices of own homes were 8.5 percent lower on average in the second quarter of this year than in the same quarter last year. The price drop was largest for detached houses.

According to figures released today, Dutch government deficit amounted to 4.7 percent of gross domestic product (GDP) in 2011.

Prices of existing owner-occupied houses were on average 2.8 percent lower in August 2011 than in August 2010.

Prices of existing owner-occupied houses were on average 2.3 percent lower in July 2011 than in July 2010.

In the first quarter of 2009, proceeds from the property transfer tax dropped by 0.7 billion euro, a decline by 30 percent relative to the fourth quarter of 2008. Proceeds have declined for more than...