Highest house price increase in 8 years

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Prices of owner-occupied houses (excluding new constructions) were on average 4.3 percent higher in March 2016 than in March 2015, the most substantial increase in 8 years. Residential property prices have risen since June 2013, according to the price index of owner-occupied houses, a joint publication by Statistics Netherlands (CBS) and the Land Registry Office.

Prices 8.5 percent up from dip in June 2013

In August 2008 house prices reached a record. Subsequently, they fell to a low in June 2013. Since then, the trend has been upward. House prices are currently 14.8 percent below the record level of August 2008 and 8.5 percent higher than during the price dip in June 2013. The average price level of owner-occupied houses was about the same as in July 2004.

House sales further up

According to figures released by the Dutch Land Registry Office last Monday 16,124 houses were sold in March. In Q1 of this year, 42,897 houses were sold, an increase by 24 percent compared to the same period in 2015.

Statistics Netherlands also publishes today more detailed information by region and type of dwelling on a quarterly basis.

Sources

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