Year-on-year Dutch house prices rising for more than six months

Prices of own homes, excluding new construction, were on average 2.3 percent higher in November 2014 than in November 2013. Year-on-year house prices have been higher than twelve months previously for more than six months now, according to the price index of owner-occupied homes – a joint publication by Statistics Netherlands (CBS) and the Land Registry Office.

Prices of existing owner-occupied dwellings

Prices of existing owner-occupied dwellings

Prices nearly 3 percent up from dip in June 2013

On average, prices of owner-occupied houses are at approximately the same level as in April 2003. Dutch house prices have been fairly stable over the past five months, but they are higher than in the corresponding month of last year.

House prices are currently 19.2 percent down from the record level reached in August 2008, but they are now 2.9 percent above the low level recorded in June 2013.

Price index of existing owner-occupied dwellings

Price index of existing owner-occupied dwellings

Substantial growth for house sales

According to figures released by the Dutch Land Registry Office last Wednesday, 11,696 homes were sold in November, an increase of 10.6 percent from November 2013. In the first eleven months of this year, 128,246 homes were sold, 35.5 percent more than in the same period last year. House sales in the period January-November 2014 already exceed the number of house sales over the entire year 2013 by more than 18,000.

On a quarterly basis, Statistics Netherlands also publishes more detailed information by region and type of dwelling. These data will be published on 21 January 2015.

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.