House prices over 7 percent higher in September

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In September 2017, prices of owner-occupied houses (excluding new constructions) were on average 7.3 percent higher than in the same month last year. This price increase was slightly smaller than in the four 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.

Prices over 21 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 almost 5 percent below the record level of August 2008 and over 21 percent higher than during the price dip in June 2013. The average price level of owner-occupied houses in September 2017 was about the same as in April 2007.

Number of house sales continues to grow

According to figures released last Monday by the Dutch Land Registry Office 20,632 houses were sold in September. The total number of houses sold in the first nine months of this year was 175,672, representing an increase of over 14 percent compared to the same period in 2016.