Year-on-year prices owner-occupied houses rise by more than 3 percent

21/01/2016 15:00

Prices of owner-occupied houses (excluding new constructions) were on average 3.2 percent higher in December 2015 than in December 2014. Year-on-year prices rose less rapidly than in the previous month, when the most substantial price increase in 7.5 years was recorded. Since June 2013, residential property prices have risen marginally according to the price index of owner-occupied houses, a joint publication by Statistics Netherlands (CBS) and the Land Registry Office. In 2015, house prices were on average 2.8 percent up from 2014.

Prices of existing owner-occupied dwellings

Prices 6.4 percent up from dip in June 2013

In December 2015, the average price level of owner-occupied houses was about the same as in February 2004. Dutch house prices reached a low in June 2013, but since then, residential property prices have risen modestly. House prices were 6.4 percent higher in December 2015 than in June 2013, but still 16.4 percent below the record level reached in August 2008.

Price index of existing owner-occupied dwellings

House sales considerably up in 2015

According to figures released by the Dutch Land Registry Office last Tuesday, 21,566 houses were sold in December, an increase by almost 15 percent compared to December 2014. Last year, a total of 178,293 homes were sold, i.e. more than 16 percent up from 2014.

Today Statistics Netherlands is also publishing more detailed quarterly data broken down by region and type of dwelling.