In 2013, prices of existing owner-occupied houses were on average 6.4 percent down from one year previously. The price drop in the latter half of the year was less substantial than in the first half. The price level stabilised after the second quarter. Prices of detached houses fell most rapidly. Residential property prices in the province of Zeeland fell the least.
Price drop latter half of 2013 less substantial
Prices of existing owner-occupied houses were on average 6.4 percent lower in 2013 than in 2012. In the first two quarters of 2013, prices declined by more than 8 percent relative to the same period in 2012. In the third and fourth quarter, prices of existing owner-occupied houses were more than 4 percent below the level of one year previously.
In the latter half of 2013 prices stabilised: the price level in the fourth quarter was 0.1 percent up from the second quarter.
Price developments existing owner-occupied homes
Prices more expensive residential property dropped the most
The price drop varied by type of dwelling. The value of more expensive types of houses fell most dramatically. Detached houses and semi-detached houses were 7 to 8 percent cheaper in 2013 than one year previously. With 5.6 percent, prices of terraced houses declined the least.
Price developments existing owner-occupied homes by type of dwelling
Modest price drop in Zeeland
There are considerable differences between the various Dutch provinces. House prices declined the most (by approximately 7 percent) in the provinces of Friesland, Drenthe, North Holland, Gelderland and North Brabant. In the provinces of Groningen and Flevoland, prices were more than 5 percent down from 2012. Prices fell the least in Zeeland (by nearly 3 percent).
Price developments existing owner-occupied homes by region