Year-on-year house prices 5.6 percent up in October

21/11/2016 15:00
Prices of owner-occupied houses (excluding new constructions) were on average 5.6 percent higher in October 2016 than in October 2015. The price rise was a bit smaller than in August and September. In August the price increase reached the highest level in 14 years. Residential property prices have risen since June 2013, as shown by 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 12.7 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, the trend has been upward. House prices are 11.5 percent below the record level of August 2008 and 12.7 percent higher than during the price dip in June 2013. The average price level of owner-occupied houses in October 2016 is about the same as in July 2005.

Price index of existing owner-occupied dwellings

House sales further up

According to figures released last Thursday by the Dutch Land Registry Office, 17,339 residential property units were sold in October. During the first ten months of this year 171,258 houses were sold, an increase by 20 percent relative to the first ten months of 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 20 January 2017.


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