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)
YearMonthChange
2014September1.7
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
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)
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
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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