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)
YearMonthChange
2014October2.2
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
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)
YearMonthIndex
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
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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