House prices continue to rise

In June 2018, house prices continued to rise and reached again an all-time high. Compared to June 2017, prices were on average 8.9 percent higher. This is according to the price index of owner-occupied houses (excluding new constructions), a joint publication by Statistics Netherlands (CBS) and the Land Registry Office (Kadaster).

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. In May 2018, house prices for the first time were higher than the record level of August 2008. In June 2018, house prices continued to rise and the price index of owner-occupied houses therefore reached again the highest level since the start of the index in 1995. Compared to the dip in June 2013, house prices were on average 29 percent higher.

Price index of existing-occupied dwellings (2015=100)
   index
2008J119
F119
M119.4
A119.5
M119
J119.3
J120.3
A120.9
S120.5
O120.2
N119.3
D119.5
2009J120.1
F118.9
M117.7
A116.8
M116
J114.8
J114.9
A114.2
S113.8
O113.9
N113.4
D112.7
2010J113
F113.3
M113.1
A113.9
M113.1
J112.9
J113.6
A113.7
S112.9
O112.4
N112.1
D111.8
2011J111.6
F111.2
M111.7
A111.2
M111.1
J110.9
J111
A110.3
S109.4
O109.2
N108.4
D107.2
2012J107.6
F107.4
M105.8
A105
M104.3
J105.3
J101.2
A100.8
S100.2
O99.9
N100.5
D99.8
2013J96.9
F98.1
M98.2
A96.8
M95.5
J95
J96.1
A96.3
S96.1
O95.9
N95.5
D96.1
2014J96.4
F96.4
M96.1
A96.9
M96.8
J97.1
J97.9
A97.9
S97.7
O98
N97.7
D97.9
2015J98.4
F98.7
M98.8
A99.1
M99.4
J99.6
J100.5
A100.4
S101.2
O101.4
N101.5
D101.1
2016J102.4
F102.5
M103
A103.2
M103.7
J104.3
J105.5
A106.4
S107.2
O107
N107.5
D107.9
2017J108.9
F109.3
M110.5
A110.9
M111.7
J112.5
J113.5
A114.6
S115
O115.8
N116.4
D116.8
2018J118.6
F119.7
M120.1
A120.6
M121.7
J122.5
Source: CBS, Kadaster

House prices almost 9 percent higher in June

In June 2018, prices of owner-occupied houses (excluding new constructions) were on average 8.9 percent higher than in the same month last year. The year-on-year price increase was the same as in the previous month.

Price development of existing owner-occupied dwellings (year-on-year % change)
   change
2014J1.9
A1.7
S1.7
O2.2
N2.3
D2
2015J2.1
F2.4
M2.7
A2.3
M2.6
J2.6
J2.7
A2.5
S3.5
O3.4
N3.8
D3.2
2016J4.1
F3.8
M4.3
A4.2
M4.3
J4.6
J4.9
A6
S5.9
O5.6
N6
D6.7
2017J6.4
F6.7
M7.3
A7.4
M7.8
J8
J7.6
A7.8
S7.3
O8.2
N8.2
D8.2
2018J8.8
F9.5
M8.6
A8.8
M8.9
J8.9
Source: CBS, Kadaster

Number of house sales down

According to figures released last Tuesday by the Dutch Land Registry Office, 18,426 houses were sold in June 2018. In the first six months of 2018, 105,035 houses were sold, a decrease of over 8 percent compared to the same period in 2017.

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