House prices are falling less once again

According to the house price index of existing own homes – a joint publication by Statistics Netherlands and the Land Registry Office – prices of houses sold in June 2010 were down by an average of 1.4 percent on June 2009. Prices dropped less rapidly in the first half of 2010.

All types of existing owner-occupied homes were cheaper than one year previously. Prices of detached houses, usually the more expensive homes, fell by most, namely 3.7 percent. The prices of the other types of houses decreased by between 0.3 and 1.6 percent.

House prices did not drop in all provinces. In Friesland and Zeeland prices were higher than one year previously, in Friesland house prices were up for the third consecutive month.

Prices of existing homes in June 2010 stayed the same as in May, whereas in May there was a still a 0.7 percent decrease on April. In June house prices rose in five provinces; most substantially in Groningen (by 2.4 percent). In Drenthe, however, house prices dropped by 2.2 percent.

Almost 11 thousand existing houses were sold in June, an increase of more than 10 percent compared to June 2009. Sales increased for all types of houses, even by almost 25 percent for detached houses.
Almost 60 thousand houses were sold in the first half of 2010. This is an increase of 4 percent compared with the same period in 2009, when the number of transactions declined strongly.   

Prices of existing own homes

More figures can be found on the theme page Prices.