House prices almost 9 percent higher in January

21/02/2018 15:00
In January 2018, prices of owner-occupied houses (excluding new constructions) were on average 8.8 percent higher than in the same month last year. The price increase was the highest in 16 years. Since June 2013, the trend has been upward. 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.

Prices almost 25 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 2.0 percent below the record level of August 2008 and on average 24.8 percent higher than during the price dip in June 2013. The average price level of owner-occupied houses in January 2018 was about the same as in January 2008.

Number of house sales down

According to figures released last Monday by the Dutch Land Registry Office, 16,035 houses were sold in January 2018. This is a decrease of over 3 percent compared to January 2017.

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