House prices almost 9 percent higher in January

© Peter Hilz
In January 2019, prices of owner-occupied dwellings (excluding new constructions) were on average 8.7 percent higher than in the same month last year. The price increase was somewhat higher than in December 2018. This is evident from price monitoring of existing owner-occupied dwellings by Statistics Netherlands (CBS) and The Netherlands’ Cadastre, Land Registry and Mapping Agency.

Price development of existing owner-occupied dwellings (year-on-year % change)
 Change
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 August6.0
2016 September5.9
2016 October5.6
2016 November6.0
2016 December6.7
2017 January6.4
2017 February6.7
2017 March7.3
2017 April7.4
2017 May7.8
2017 June8.0
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 July9.0
2018 August9.3
2018 September9.3
2018 October9.0
2018 November9.5
2018 December8.4
2019 January8.7
Source: CBS, Kadaster

House prices show upward trend

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. In January 2019, house prices reached the highest level ever.

Compared to the low in June 2013, house prices were up by almost 36 percent on average in January 2019, and 6.5 percent higher on average relative to the previous peak in August 2008.

Price index of existing owner-occupied dwellings (2015=100)
 (2015=100)
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
2018 October126.2
2018 November127.4
2018 December126.6
2019 January128.8
Source: CBS, Kadaster

Number of housing transactions down

According to figures by The Netherlands’ Cadastre, the total number of dwellings sold in the month of January 2019 stood at 15,125. This is a decrease of almost 6 percent compared to the same period in 2018.

The figures presented in this news release are provisional and subject to revision.

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