Prices of owner-occupied dwellings up by 4.0 percent

In January, prices of existing owner-occupied dwellings were on average 4.0 percent higher than twelve months previously. In December, prices increased by 4.1 percent. The annual price rise has slowed down steadily since September 2007.

Prices of detached houses and flats rose by more than 4 percent in January, those of terraced and semi-detached houses by less than 4 percent. The price increase of corner houses was 4.0 percent. In all Dutch provinces, prices of existing owner-occupied dwellings were higher than one year previously. Relative to January 2007, the most substantial price rises were recorded in the provinces of North Holland and Zeeland, the lowest price rises in the provinces of Flevoland and Groningen.

In January, prices went up by 0.7 percent compared to December 2007. Prices increased across all provinces, except in Flevoland.

Over 12 thousand existing owner-occupied dwellings changed hands in January 2008, a 9 percent decrease compared with the same month one year previously. The number of flats sold grew by well over 20 percent, while sales of all types of single-family dwellings dwindled.

The price index of owner-occupied dwellings reflects the purchase prices of existing owner-occupied dwellings in the Netherlands sold to individuals. Detailed breakdowns by type of dwelling and region are also available. For an elaborate explanation, the reader is referred to the article “Price-index of owner-occupied dwellings: method description”.

Prices of owner-occupied dwellings