Dutch house prices further up in February

Prices of owner-occupied houses, excluding new constructions, were on average 2.4 percent higher in February 2015 than in February 2014. House prices have been above the level of the same month one year previously for almost a year now, according to the price index of owner-occupied houses – a joint publication by Statistics Netherlands (CBS) and the Land Registry Office.

Prices 3.9 percent up from dip in June 2013

The average price level of owner-occupied houses in February is approximately the same as in July 2003. In June 2013, Dutch house prices reached a low, but since then the trend has been slightly upward. House prices were 3.9 percent higher in February 2015 than in June 2013, but they were 18.4 percent below the record level reached in August 2008.

House sales pick up

According to figures released by the Dutch Land Registry Office last Tuesday, 11,697 houses were sold in February, an increase by nearly 17 percent from February 2014. In the first two months of this year, 21,134 homes were sold, i.e. an increase by nearly 12 percent compared to one year previously.

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

Source, StatLine:

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.