Most substantial increase prices owner-occupied houses in past six months

In February, prices of existing owner-occupied dwellings were on average 4.5 percent higher than twelve months previously. In January, prices increased by 4.0 percent. The annual price rise in February is the most substantial of the past six months.

The prices of all types of dwellings went up. Price rises ranged from 3.6 percent for terraced houses to 6.0 percent for flats.

In all Dutch provinces, prices of existing owner-occupied dwellings were higher than one year previously. Relative to February 2007, the most substantial price rises were recorded in the provinces of North Holland and Utrecht, the lowest price rises in the province of Flevoland.

In February, prices went up by 0.6 percent compared to January. In the provinces of Limburg and Zeeland selling prices dropped, whereas they remained more or less stable in Groningen and Friesland. In de rest of the country prices were higher relative to one month previously.

Over 15 thousand existing owner-occupied dwellings changed hands in February 2008, a 4 percent increase compared with the same month one year previously. As 2008 is a leap year, February has an extra day and 29 February happened to be a Friday this year. If the last working day of the month is a Friday, the number of transactions is usually higher. On Friday 29 February, no less than 15 percent of all transactions concluded in February were entered in the Land Registry Office database.

Prices of owner-occupied dwellings