House prices 9.5 percent higher in February

21/03/2018 15:00
In February 2018, prices of owner-occupied houses (excluding new constructions) were on average 9.5 percent higher than in the same month last year. The price increase was the highest since October 2001. 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).

Prices over 26 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 1.0 percent below the record level of August 2008 and on average 26.1 percent higher than during the price dip in June 2013. The average price level of owner-occupied houses in February 2018 was about the same as in April 2008.

Number of house sales down

According to figures released last Monday by the Dutch Land Registry Office, 16,094 houses were sold in February 2018. In the first two months of 2018, 32,129 houses were sold, a decrease of over 6 percent compared to the same period in 2017.

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