House prices more than 8 percent higher again

© Peter Hilz
In November 2017, prices of owner-occupied houses (excluding new constructions) were on average 8.2 percent higher than in the same month last year. The price rise was the same as in October 2017, when the highest price increase in almost 16 years was recorded. 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 of existing owner-occupied dwellings

Prices 22.5 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 still almost 4 percent below the record level of August 2008 and 22.5 percent higher than during the price dip in June 2013. The average price level of owner-occupied houses in November 2017 was about the same as in June 2007.

Price index of existing owner-occupied dwellings

Number of house sales continues to grow

According to figures released last Monday by the Dutch Land Registry Office, 19,647 houses were sold in November. The total number of houses sold in the first eleven months of this year was 215,462, representing an increase of almost 14 percent compared to the same period in 2016.