House prices nearly 8 percent higher

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© Hollandse Hoogte
Prices of owner-occupied houses (excluding new constructions) were on average 7.6 percent higher in July 2017 than in July last year. This price increase is slightly smaller than in the two previous 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.

The price index owner-occupied houses (excluding new constructions) is one of the inflation indicators incorporated in the price dashboard.

Prices 19.5 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, the trend has been upward. House prices are currently 6.1 percent below the record level of August 2008 and 19.5 percent higher than during the price dip in June 2013. The average price level of owner-occupied houses in July 2017 was about the same as in January 2007.

Number of house sales continues to grow

According to figures released by the Dutch Land Registry Office last Thursday, 19,979 houses were sold in July. The number of houses sold in the first seven months of this year totalled 134,260, i.e. an increase of nearly 20 percent compared to the same period in 2016.