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 (year-on-year % change)
 Change
2014 September1.7
2014 October2.2
2014 November2.3
2014 December2
2015 January2.1
2015 February2.4
2015 March2.7
2015 April2.3
2015 May2.6
2015 June2.6
2015 July2.7
2015 August2.5
2015 September3.5
2015 October3.4
2015 November3.8
2015 December3.2
2016 January4.1
2016 February3.8
2016 March4.3
2016 April4.2
2016 May4.3
2016 June4.6
2016 July4.9
2016 August6
2016 September5.9
2016 October5.6
2016 November6
2016 December6.7
2017 January6.4
2017 February6.7
2017 March7.3
2017 April7.4
2017 May7.8
2017 June8
2017 July7.6
2017 August7.8
2017 September7.3
2017 October8.2
2017 November8.2
2017 December8.2
2018 January8.8
2018 February9.5
2018 March8.6
2018 April8.8
2018 May8.9
2018 June8.9
2018 July9
2018 August9.3
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 (2015=100)
 Index
2008 January119
2008 February119
2008 March119.4
2008 April119.5
2008 May119
2008 June119.3
2008 July120.3
2008 August120.9
2008 September120.5
2008 October120.2
2008 November119.3
2008 December119.5
2009 January120.1
2009 February118.9
2009 March117.7
2009 April116.8
2009 May116
2009 June114.8
2009 July114.9
2009 August114.2
2009 September113.8
2009 October113.9
2009 November113.4
2009 December112.7
2010 January113
2010 February113.3
2010 March113.1
2010 April113.9
2010 May113.1
2010 June112.9
2010 July113.6
2010 August113.7
2010 September112.9
2010 October112.4
2010 November112.1
2010 December111.8
2011 January111.6
2011 February111.2
2011 March111.7
2011 April111.2
2011 May111.1
2011 June110.9
2011 July111
2011 August110.3
2011 September109.4
2011 October109.2
2011 November108.4
2011 December107.2
2012 January107.6
2012 February107.4
2012 March105.8
2012 April105
2012 May104.3
2012 June105.3
2012 July101.2
2012 August100.8
2012 September100.2
2012 October99.9
2012 November100.5
2012 December99.8
2013 January96.9
2013 February98.1
2013 March98.2
2013 April96.8
2013 May95.5
2013 June95
2013 July96.1
2013 August96.3
2013 September96.1
2013 October95.9
2013 November95.5
2013 December96.1
2014 January96.4
2014 February96.4
2014 March96.1
2014 April96.9
2014 May96.8
2014 June97.1
2014 July97.9
2014 August97.9
2014 September97.7
2014 October98
2014 November97.7
2014 December97.9
2015 January98.4
2015 February98.7
2015 March98.8
2015 April99.1
2015 May99.4
2015 June99.6
2015 July100.5
2015 August100.4
2015 September101.2
2015 October101.4
2015 November101.5
2015 December101.1
2016 January102.4
2016 February102.5
2016 March103
2016 April103.2
2016 May103.7
2016 June104.3
2016 July105.5
2016 August106.4
2016 September107.2
2016 October107
2016 November107.5
2016 December107.9
2017 January108.9
2017 February109.3
2017 March110.5
2017 April110.9
2017 May111.7
2017 June112.5
2017 July113.5
2017 August114.6
2017 September115
2017 October115.8
2017 November116.4
2017 December116.8
2018 January118.6
2018 February119.7
2018 March120.1
2018 April120.6
2018 May121.7
2018 June122.5
2018 July123.7
2018 August125.4
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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