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Netherlands: Authorities continue crackdown on real estate traders

By  |  February 1, 2013

In continuing its crackdown on real estate traders, the Netherlands Competition Authority has reported that it has fined 65 investors nearly $9 million for the manipulation of closure auctions between 2000 and 2009. The NMa has already fined an additional 14 traders, the most active in the market, with similar fines. According to the authority, those fined reportedly held after-auctions to gain even more profit from the auctioning of homes already sold. The NMa initially investigated the traders in 2009.

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