Highest year-on-year house price increase in almost 8 years

22/02/2016 15:00

Prices of owner-occupied houses (excluding new constructions) were on average 4.1 percent higher in January 2016 than in January 2015. This is the most substantial year-on-year price increase in almost 8 years. Residential property prices have risen marginally since June 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 7.9 percent up from dip in June 2013

In August 2008 house prices reached a record. Subsequently, house prices have fallen to a low in June 2013. Since then, residential property prices are rising again. House prices are 15.3 percent below the record level of August 2008 and 7.9 higher than during the price dip in June 2013. The average price level of owner-occupied houses was about the same as in June 2004.

Price index of existing owner-occupied dwellings

House sales considerably up

According to figures released by the Dutch Land Registry Office last Wednesday, 11,907 houses were sold in January, an increase by over 26 percent compared to January 2014.

Statistics Netherlands also publishes more detailed information by region and type of dwelling on a quarterly basis. These data will be published on 21 April 2016.