House prices over 9 percent higher in August

In August 2018, prices of owner-occupied houses (excluding new constructions) were on average 9.3 percent higher than in the same month last year. The price increase was higher than in the preceding months. This is 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)
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
2018August9.3
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 and are 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 32 percent on average in August 2018.

Price index of existing owner-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
2018August125.4
Source: CBS, Kadaster

Number of house sales down

According to figures released last Tuesday by the Dutch Land Registry Office, 20,892 houses were sold in August 2018, 0.5 percent more than in August 2017. In the first eight months of 2018, 145,507 houses were sold, a decrease of over 6 percent compared to the same period in 2017.

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