House prices 8.6 percent higher in March

20/04/2018 15:00
© Hollandse Hoogte
In March 2018, prices of owner-occupied houses (excluding new constructions) were on average 8.6 percent higher than in the same month last year. The price increase was slightly smaller than in the two previous months. 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 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 almost 1.0 percent below the record level of August 2008 and on average 26.4 percent higher than during the price dip in June 2013. The average price level of owner-occupied houses in March 2018 was about the same as in July 2008.

Number of house sales down

According to figures released last Tuesday by the Dutch Land Registry Office, 19,976 houses were sold in March 2018. In the first three months of 2018, 52,105 houses were sold, a decrease of almost 7 percent compared to the same period in 2017.

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