Largest house price increase in almost twelve years

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Prices of owner-occupied houses (excluding new constructions) were on average 4.9 percent higher in July 2016 than in July 2015. This is the largest price increase in almost 12 years. Residential property prices have risen since June 2013, according to the price index of owner-occupied houses, a joint publication by Statistics Netherlands (CBS) and the Land Registry Office (Kadaster).

Prices 11.1 percent up from dip in June 2013

In August 2008, house prices reached a record high. Subsequently, they fell to a low in June 2013. Since then, residential property prices have shown an upward trend. House prices are 12.8 percent below the record level of August 2008, but 11.1 percent higher than during the price dip in June 2013. The average price level of owner-occupied houses in July 2016 was about the same as in March 2005.

House sales further up

According to figures released last Wednesday by the Dutch Land Registry Office, 19,723 houses were sold in July. During the first seven months of this year 112,935 houses were sold, an increase by more than 20 percent compared to the same period in 2015.

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 2016.

Sources

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