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 (year-on-year % change)
YearMonthChange
2014August1.7
September1.7
October2.2
November2.3
December2
2015January2.1
February2.4
March2.7
April2.3
May2.6
June2.6
July2.7
August2.5
September3.5
October3.4
November3.8
December3.2
2016January4.1
February3.8
March4.3
April4.2
May4.3
June4.6
July4.9
August6
September5.9
October5.6
November6
December6.7
2017January6.4
February6.7
March7.3
April7.4
May7.8
June8
July7.6
August7.8
September7.3
October8.2
November8.2
December8.2
2018January8.8
February9.5
March8.6
April8.8
May8.9
June8.9
July9
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 (2015=100)
YearMonthIndex
2008January119
February119
March119.4
April119.5
May119
June119.3
July120.3
August120.9
September120.5
October120.2
November119.3
December119.5
2009January120.1
February118.9
March117.7
April116.8
May116
June114.8
July114.9
August114.2
September113.8
October113.9
November113.4
December112.7
2010January113
February113.3
March113.1
April113.9
May113.1
June112.9
July113.6
August113.7
September112.9
October112.4
November112.1
December111.8
2011January111.6
February111.2
March111.7
April111.2
May111.1
June110.9
July111
August110.3
September109.4
October109.2
November108.4
December107.2
2012January107.6
February107.4
March105.8
April105
May104.3
June105.3
July101.2
August100.8
September100.2
October99.9
November100.5
December99.8
2013January96.9
February98.1
March98.2
April96.8
May95.5
June95
July96.1
August96.3
September96.1
October95.9
November95.5
December96.1
2014January96.4
February96.4
March96.1
April96.9
May96.8
June97.1
July97.9
August97.9
September97.7
October98
November97.7
December97.9
2015January98.4
February98.7
March98.8
April99.1
May99.4
June99.6
July100.5
August100.4
September101.2
October101.4
November101.5
December101.1
2016January102.4
February102.5
March103
April103.2
May103.7
June104.3
July105.5
August106.4
September107.2
October107
November107.5
December107.9
2017January108.9
February109.3
March110.5
April110.9
May111.7
June112.5
July113.5
August114.6
September115
October115.8
November116.4
December116.8
2018January118.6
February119.7
March120.1
April120.6
May121.7
June122.5
July123.7
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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