House prices over 9 percent higher in September

In September 2018, prices of owner-occupied dwellings (excluding new constructions) were on average 9.3 percent higher than in the same month last year. The price increase was the same as in the previous month. This is according to the price index of owner-occupied dwellings, 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 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
2018 September9.3
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 dwellings 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 over 32 percent on average in September 2018.

Price index of existing owner-occupied dwellings (2015=100)
 Index
October98
November97.7
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
2018 September125.7
Source: CBS, Kadaster

Number of house sales down

According to figures released last Wednesday by the Dutch Land Registry Office, 16,449 dwellings were sold in September 2018. In the first nine months of 2018, 161,956 dwellings were sold, a decrease of almost 8 percent compared to the same period in 2017.

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