Dutch house prices down by 1.7 percent

21/03/2014 09:30

Existing owner-occupied dwellings were on average 1.7 percent cheaper in February 2014 than in February 2013. This year-on-year price drop was more substantial than in January when house prices fell by 0.5 percent. Although house prices were still below the level of the same month last year, their price level has remained fairly stable over the past eight months. The price index of existing residential property – a joint publication by Statistics Netherlands and the Land Registry Office – shows the price changes of existing owner-occupied homes in the Netherlands.

Prices of existing owner-occupied dwellings

Prices of existing owner-occupied dwellings

In February 2014, house prices were at the same level as eleven years ago. They were 20.3 percent below the record level registered in August 2008.

In the first two months of 2014, 18,935 homes were sold, an increase by 34 percent relative to one year previously. Mortgage regulations were changed as of 1 January 2013. As a result, relatively few houses sold at the beginning of 2013.

Price index of existing owner-occupied dwellings

Price index of existing owner-occupied dwellings

More figures can be found on the theme page Prices.        

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

For more information on economic indicators, see the Economic Monitor.