Prices owner-occupied houses more than 4 percent higher

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Prices of owner-occupied houses (excluding new constructions) were on average 4.2 percent higher in April 2016 than in April 2015, i.e. somewhat lower than the 4.3 percent price increase in March. In March house prices reached the highest level 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 8.7 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, residential property prices have shown an upward trend. House prices are 14.6 percent below the record level of August 2008 and 8.7 higher than during the price dip in June 2013. The average price level of owner-occupied houses in April 2016 was about the same as in July 2004.

 

House sales further up

According to figures released by the Dutch Land Registry Office last Wednesday, 16,387 houses were sold in April. In the first four months of this year 59,284 houses were sold, an increase by 25 percent compared to the same period in 2015.

Statistics Netherlands also publishes more detailed information by region and type of dwelling on a quarterly basis. The next publication will be released on 21 July 2016.


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