Prices owner-occupied houses 6.7 percent higher

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Prices of owner-occupied houses (excluding new constructions) in February 2017 were on average 6.7 percent higher than in February 2016. The rise in prices has been consistently above 6 percent in the past three months. 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. CBS publishes this price index around the 21st day of each month.

Prices 15.1 percent up from dip in June 2013

In August 2008 house prices reached a record. Subsequently, they fell to a low in June 2013. Since then, the trend has been upward. House prices are currently 9.6 percent below the record level of August 2008 and 15.1 percent higher relative to the price dip in June 2013. The average price level of owner-occupied houses in February 2017 was about the same as in January 2016.

Again more owner-occupied houses sold

According to figures released by the Dutch Land Registry Office last Friday, 17,708 houses were sold in February. In the first two months of 2017, 34,263 houses were sold, an increase of 28 percent compared to the same period in 2016.

CBS also publishes price information by region and type of dwelling on a quarterly basis. The next quarterly results will be available on 21 April.