Prices of owner-occupied houses, excluding new constructions, were on average 2.5 percent higher in August 2015 than in August 2014. The year-on-year price increase has hardly changed over the last couple of months, according to the price index of owner-occupied houses, a joint publication by Statistics Netherlands (CBS) and the Land Registry Office.
Prices 5.7 percent up from dip in June 2013
In August 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 5.7 percent higher in August 2015 than in June 2013, but they were 17 percent below the record level reached in August 2008.
Substantially more house sales
According to figures released by the Dutch Land Registry Office last Friday, 15,863 houses were sold in August, an increase of nearly 29 percent from August 2014. In the first eight months of this year, 109,534 homes were sold, i.e. an increase by nearly 23 percent compared to one year 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.