Drop in house prices more substantial

21/05/2012 09:30

Prices of existing owner-occupied dwellings sold in April 2012 were on average 5.2 percent down on April 2011. According to the price index of existing residential property – a joint publication by Statistics Netherlands and the Land Registry Office – the price decrease was more substantial than in the preceding month, when residential property prices were 4.7 percent down on one year previously. The index reflects price changes of existing owner-occupied dwellings in the Netherlands sold to private individuals.

Just as in the preceding months, residential property prices fell across all provinces. All types of dwellings were cheaper in April 2012 than in April 2011.

More than 8 thousand existing owner-occupied dwellings were sold in April. House sales were more than 18 percent down from April 2011. The downward trend was observed in all provinces and applied to all types of dwellings. The total number of house sales in the period January 2012 – April 2012 was just over 32 thousand, i.e. 16 percent down on the same period in 2011. 

Prices of existing own homes

Prices of existing own homes
 
More figures can be found on the theme page Prices.

For an interactive illustration of regional developments in house prices and transactions, see the Dutch housing market on the map.