Largest house price increase since early 2002

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In October 2017, prices of owner-occupied houses (excluding new constructions) were on average 8.2 percent higher than in the same month last year. This is the largest house price increase in almost 16 years. 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 22 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 still over 4 percent below the record level of August 2008 and 22 percent higher than during the price dip in June 2013. The average price level of owner-occupied houses in October 2017 was about the same as in May 2007.

Number of house sales continues to grow

According to figures released last Friday by the Dutch Land Registry Office, 20,143 houses were sold in October. The total number of houses sold in the first ten months of this year was 195,815, representing an increase of over 14 percent compared to the same period in 2016.

Sources

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