Prices existing owner-occupied houses down across all provinces in first quarter

23/04/2013 15:00

Prices of owner-occupied dwellings were on average 8 percent lower in the first quarter of this year than in the first quarter of 2012. The price drop occurred across all provinces, but prices fell most in the western part of the country and in the province of Drenthe. Home sales declined in most provinces in the first quarter relative to the same period last year, but the number of home sales increased marginally in the provinces of Flevoland and North Holland.

Home prices drop the least in Zeeland and Groningen

Prices of existing owner-occupied dwellings were on average 8 percent below the price level in the first quarter of 2012. Prices of owner-occupied houses fell considerably in the western provinces: by 9 percent in Utrecht and North Holland and by 8 percent in the province of South Holland compared to one year previously. With 10 percent, house prices dropped most in the province of Drenthe. Prices of existing owner-occupied houses dropped the least in Zeeland and Groningen.

Price developments existing owner-occupied dwellings, 1st quarter 2013

Price developments existing owner-occupied dwellings, 1st quarter 2013

Fewer houses sold

In total 23,090 houses were sold  the first quarter of this year, i.e. nearly 4 percent down from the same period last year. With 11 percent, the number of house sales was reduced most in Drenthe, followed by Zeeland and Utrecht with 10 percent. The price fall was less substantial in other provinces. In Flevoland and North Holland, the number of house sales increased marginally in the first quarter compared to one year previously.

House sales

House sales

Feron Sarucco