Largest house price increase in 14 years

21/09/2016 15:00
Prices of owner-occupied houses (excluding new constructions) were on average 6.0 percent higher in August 2016 than in August 2015. This is the most substantial price increase in 14 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 of existing owner-occupied dwellings

Prices 12 percent up from dip in June 2013

House prices reached a record high in August 2008. Subsequently, they fell to a low in June 2013. Since then, residential property prices have shown an upward trend. House prices are 12.0 percent below the record level of August 2008 and 12.0 percent higher than during the price dip in June 2013. The average price level of owner-occupied houses in August 2016 was the same as in June 2005.

Price index of existing owner-occupied dwellings

House sales further up

According to figures released last Monday by the Dutch Land Registry Office, 19,975 houses were sold in August. During the first eight months of this year 132,910 houses were sold, an increase by 21.3 percent relative to the same period in 2015.

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

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