Year-on-year house prices up in July

21/08/2015 15:00

Prices of owner-occupied houses, excluding new constructions, were on average 2.7 percent higher in July 2015 than in July 2014. Residential property prices have risen modestly since the summer of 2013, according to the price index of owner-occupied houses – a joint publication by Statistics Netherlands (CBS) and the Land Registry Office.

Prices of existing owner-occupied dwellings

Prices 5.8 percent up from dip in June 2013

In July 2015, the average price level of owner-occupied houses was approximately the same as in December 2003. Dutch house prices reached a low in June 2013, but since then, prices have risen marginally. House prices were 5.8 percent higher in July 2015 than in June 2013, but they were 16.9 percent below the record level reached in August 2008.

Price index of existing owner-occupied dwellings

House sales surge

According to figures released by the Dutch Land Registry Office last Tuesday, 18,422 houses were sold in July, an increase by nearly 33 percent from July 2014. In the first seven months of this year, 93,671 homes were sold, i.e. an increase by nearly 22 percent compared to one year previously.

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