Prices of owner-occupied houses, excluding new construction, were on average 2.6 percent higher in May 2015 than in May 2014. House prices have been above the level of the corresponding month in the previous year for over a year. According to the price index of owner-occupied houses – a joint publication by Statistics Netherlands (CBS) and the Land Registry Office, there has been a slight upward trend in price developments of existing owner-occupied houses since the summer of 2013.
Prices up 4.6 percent from the June 2013 low
Average prices of owner-occupied houses were at approximately the same level in May as in October 2003. Dutch house prices reached a low point in June 2013, but there has been a modest upward trend since then. House prices were 4.6 percent higher in May 2015 than in June 2013, but 17.8 percent below the record level in August 2008.
House sales picking up again
According to figures released by the Dutch Land Registry Office last Thursday, 12,827 houses were sold in May, an increase of over 7 percent from May 2014. In the first five months of this year, 60,102 homes were sold, i.e. just over 16 percent more than twelve months previously.
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.