Prices of owner-occupied houses, excluding new constructions were on average 0.1 percent higher in April 2014 than in April 2013. This is the first price increase in 5 years. In March this year, prices were still 2.1 percent down from March 2013. The price level of owner-occupied houses has remained fairly stable over the past year. The price index of owner-occupied houses, excluding new constructions – a joint publication by the Central Bureau of Statistics (CBS) and the Land Registry Office – reflects price changes of residential property in the Netherlands.
Prices of existing owner-occupied dwellings
Although prices of owner-occupied houses are stable, the level remains low. In April 2014, house prices were at approximately the same level as in early 2003, but they were 19.9 percent below the record level registered in August 2008.
The demand for owner-occupied houses is growing. In the first four months of this year, 39,743 homes were sold, an increase by more than 34 percent relative to the same period last year.
Price index of existing owner-occupied dwellings
For an interactive illustration of regional developments in house prices and transactions, see Dutch housing market on the mapFor more information on economic indicators, see the Economic Monitor.