Year-on-year house prices 6 percent up in November

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Prices of owner-occupied houses (excluding new constructions) were on average 6.0 percent higher in November 2016 than in November 2015. The price rise was the same as in August 2016, when the highest price increase in 14 years was recorded. According to the price index of owner-occupied houses, a joint publication by Statistics Netherlands (CBS) and the Land Registry Office (Kadaster), residential property prices have shown an upward trend since June 2013.

Prices 13.2 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 11.1 percent below the record level of August 2008 and 13.2 percent higher than during the price dip in June 2013. The average price level of owner-occupied houses in November 2016 was the same as in September 2005.

House sales further up

According to figures released last Monday by the Dutch Land Registry Office, 18,255 residential property units were sold in November. During the first eleven months of this year 189,513 houses were sold, an increase by nearly 21 percent relative to the first eleven 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.

Sources

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