The founder of the Chinese real estate company China Evergrande Group has been sentenced to life in prison for fraud and bribery. In addition to the prison term, all of his personal assets will be confiscated following his guilty plea.
The number of mortgages taken out in the Netherlands has increased by nearly 5 percent over the last six months compared to the previous year. This growth is driven by a rising popularity of starters loans among first-time homebuyers and an increase in the total value of mortgage lending.
Residents and nature conservationists in the Middenduin area are protesting against a planned military flypast by F-35s and other aircraft ahead of the final Formula 1 Grand Prix in Zandvoort. The Stichting Vrienden van Middenduin criticizes the lack of consultation and the additional noise disturbance caused by the low-altitude flight maneuvers over the Zuid-Kennemerland region.
Unemployment in the Netherlands rose slightly to 4 percent in July, up from 3.8 percent in June. This increase represents a total of 404,000 unemployed individuals, with a slightly higher rise observed among men compared to women.
The Dutch Land Registry (Kadaster) reports a 4.6 percent increase in mortgage registrations during the first half of the year compared to the same period in 2023. Nearly 217,000 new mortgages were issued between January and June, up from over 207,000 the previous year.