The housing market in NL all but crashed and is still just about limping along. In some provinces the situation is pretty dreadful. The funny bit is that the prices haven't dropped all that much (because people are psychologically much less likely to take a loss on a property than they are to cash in on a profit, a big factor in this is that they'll end up with a remaining debt to the bank after selling the house which is definitely not always an option).
So the market simply froze with asking prices holding relatively steady and sales dropping to near zero at some point. As of late there is a bit of a recovery depending on the area you look at.
So the market simply froze with asking prices holding relatively steady and sales dropping to near zero at some point. As of late there is a bit of a recovery depending on the area you look at.