According to the house price index of existing own homes – a joint publication by Statistics Netherlands and the Land Registry Office – prices of houses sold in May 2010 were on average 2.2 percent down on May 2009. The decrease was of the same magnitude as in April. Prices dropped less rapidly in the three months prior to May, but this development halted in May.
All types of existing owner-occupied homes were cheaper than one year previously. Prices of flats fell by least: 1.1 percent. Prices of detached homes, usually more expensive types of houses, dropped by 3.7 percent.
For the second consecutive month, Friesland was the only province where prices rose. Dwellings in Friesland cost 0.4 percent more than one year previously. Across all other provinces, house prices were lower than in May 2009. With 3.8 percent, prices dropped most in Gelderland.
Prices of existing residential properties were 0.7 percent down on April 2010, while in April they had risen by 0.8 percent on March. Prices fell in eight provinces in May; most substantially in Utrecht, where they were 1.9 percent lower. Zeeland was the only province where prices rose (by 2.4 percent).
Almost 10 thousand existing houses were sold in May, a decrease of about 4 percent compared to May 2009. Sales decreased for all types of houses, for terraced houses they fell by more then 10 percent.
Until now, 49 thousand houses have been sold in 2010; one thousand more than at the same time last year.
Prices of existing own homes