House prices more than 8 percent higher in December

In December 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 the two previous months, when the highest increase in almost 16 years was recorded.

With the December figure, Statistics Netherlands (CBS) can also produce the annual figure: in 2017, house prices were up by 7.6 percent on average relative to the previous year.

This is according to the price index of owner-occupied houses, a joint publication by Statistics Netherlands (CBS) and the Land Registry Office (Kadaster). The price index owner-occupied houses (excluding new constructions) is one of the inflation indicators incorporated in the price dashboard.

Price development of existing owner-occupied dwellings (year-on-year % change)
 % change
2014 J-0.5
2014 F-1.7
2014 M-2.1
2014 A0.1
2014 M1.4
2014 J2.2
2014 J1.9
2014 A1.7
2014 S1.7
2014 O2.2
2014 N2.3
2014 D2.0
2015 J2.1
2015 F2.4
2015 M2.7
2015 A2.3
2015 M2.6
2015 J2.6
2015 J2.7
2015 A2.5
2015 S3.5
2015 O3.4
2015 N3.8
2015 D3.2
2016 J4.1
2016 F3.8
2016 M4.3
2016 A4.2
2016 M4.3
2016 J4.6
2016 J4.9
2016 A6.0
2016 S5.9
2016 O5.6
2016 N6.0
2016 D6.7
2017 J6.4
2017 F6.7
2017 M7.3
2017 A7.4
2017 M7.8
2017 J8.0
2017 J7.6
2017 A7.8
2017 S7.3
2017 O8.2
2017 N8.2
2017 D8.2
Source: CBS, Kadaster

Prices 23 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 more than 3 percent below the record level of August 2008 and on average 23 percent higher than during the price dip in June 2013. The average price level of owner-occupied houses in December 2017 was about the same as in July 2007.

Price index of existing-occupied dwellings (2010=100)
 Index
2014 J85.3
2014 F85.3
2014 M85.1
2014 A85.7
2014 M85.7
2014 J85.9
2014 J86.6
2014 A86.6
2014 S86.5
2014 O86.7
2014 N86.5
2014 D86.7
2015 J87.1
2015 F87.3
2015 M87.4
2015 A87.7
2015 M87.9
2015 J88.2
2015 J88.9
2015 A88.8
2015 S89.5
2015 O89.7
2015 N89.8
2015 D89.5
2016 J90.6
2016 F90.7
2016 M91.2
2016 A91.4
2016 M91.7
2016 J92.3
2016 J93.3
2016 A94.1
2016 S94.9
2016 O94.7
2016 N95.2
2016 D95.5
2017 J96.4
2017 F96.7
2017 M97.8
2017 A98.1
2017 M98.9
2017 J99.6
2017 J100.5
2017 A101.5
2017 S101.8
2017 O102.5
2017 N103.0
2017 D103.4
Source: CBS, Kadaster

Number of house sales continues to grow

According to figures released last Wednesday by the Dutch Land Registry Office, 26,398 houses were sold in December. The total number of houses sold in 2017 was 241,860, representing an increase of almost 13 percent compared to the same period in 2016.

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