House prices 9 percent higher in July

In July 2018, prices of owner-occupied houses (excluding new constructions) were on average 9.0 percent higher than in the same month last year. The price increase was slightly higher than in the preceding months. House prices were at an all-time high in July 2018, according to the price index of owner-occupied houses, a joint publication by Statistics Netherlands (CBS) and the Land Registry Office (Kadaster).

Price development of existing owner-occupied dwellings
YearMonthChange (year-on-year % change)
2014August1.7
2014September1.7
2014October2.2
2014November2.3
2014December2
2015January2.1
2015February2.4
2015March2.7
2015April2.3
2015May2.6
2015June2.6
2015July2.7
2015August2.5
2015September3.5
2015October3.4
2015November3.8
2015December3.2
2016January4.1
2016February3.8
2016March4.3
2016April4.2
2016May4.3
2016June4.6
2016July4.9
2016August6
2016September5.9
2016October5.6
2016November6
2016December6.7
2017January6.4
2017February6.7
2017March7.3
2017April7.4
2017May7.8
2017June8
2017July7.6
2017August7.8
2017September7.3
2017October8.2
2017November8.2
2017December8.2
2018January8.8
2018February9.5
2018March8.6
2018April8.8
2018May8.9
2018June8.9
2018July9
Source: CBS, Kadaster

House prices continue to rise

House prices reached a record high in August 2008 and subsequently started to decline, reaching a low in June 2013. The trend has been upward since then. In May 2018, the price index of owner-occupied houses exceeded the record level of August 2008 for the first time; prices continued to rise throughout June and July 2018, ending at their highest level since the start of this price index in 1995. Compared to the low in June 2013, house prices were up by more than 30 percent on average.

Price index of existing-occupied dwellings
YearMonthIndex (2015=100)
2008January119
2008February119
2008March119.4
2008April119.5
2008May119
2008June119.3
2008July120.3
2008August120.9
2008September120.5
2008October120.2
2008November119.3
2008December119.5
2009January120.1
2009February118.9
2009March117.7
2009April116.8
2009May116
2009June114.8
2009July114.9
2009August114.2
2009September113.8
2009October113.9
2009November113.4
2009December112.7
2010January113
2010February113.3
2010March113.1
2010April113.9
2010May113.1
2010June112.9
2010July113.6
2010August113.7
2010September112.9
2010October112.4
2010November112.1
2010December111.8
2011January111.6
2011February111.2
2011March111.7
2011April111.2
2011May111.1
2011June110.9
2011July111
2011August110.3
2011September109.4
2011October109.2
2011November108.4
2011December107.2
2012January107.6
2012February107.4
2012March105.8
2012April105
2012May104.3
2012June105.3
2012July101.2
2012August100.8
2012September100.2
2012October99.9
2012November100.5
2012December99.8
2013January96.9
2013February98.1
2013March98.2
2013April96.8
2013May95.5
2013June95
2013July96.1
2013August96.3
2013September96.1
2013October95.9
2013November95.5
2013December96.1
2014January96.4
2014February96.4
2014March96.1
2014April96.9
2014May96.8
2014June97.1
2014July97.9
2014August97.9
2014September97.7
2014October98
2014November97.7
2014December97.9
2015January98.4
2015February98.7
2015March98.8
2015April99.1
2015May99.4
2015June99.6
2015July100.5
2015August100.4
2015September101.2
2015October101.4
2015November101.5
2015December101.1
2016January102.4
2016February102.5
2016March103
2016April103.2
2016May103.7
2016June104.3
2016July105.5
2016August106.4
2016September107.2
2016October107
2016November107.5
2016December107.9
2017January108.9
2017February109.3
2017March110.5
2017April110.9
2017May111.7
2017June112.5
2017July113.5
2017August114.6
2017September115
2017October115.8
2017November116.4
2017December116.8
2018January118.6
2018February119.7
2018March120.1
2018April120.6
2018May121.7
2018June122.5
2018July123.7
Source: CBS, Kadaster

Number of house sales down

According to figures released last Friday by the Dutch Land Registry Office, 19,580 houses were sold in July 2018. In the first seven months of 2018, 124,615 houses were sold, a decrease of over 7 percent compared to the same period in 2017.

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