Price rise owner-occupied houses over 4 percent in May

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Prices of owner-occupied houses (excluding new constructions) were on average 4.3 percent higher in May 2016 than in May 2015. The price increase is marginally higher than in April and the same as in March. 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 9.2 percent up from dip in June 2013

In August 2008, house prices reached a record high. Subsequently, they fell to a low in June 2013. Since then, residential property prices have shown an upward trend. House prices are 14.3 percent below the record level of August 2008, but 9.2 higher than during the price dip in June 2013. The average price level of owner-occupied houses in May 2016 was about the same as in August 2004.

House sales further up

According to figures released by the Dutch Land Registry Office last Friday, 16,066 houses were sold in May. During the first five months of this year 75,350 houses were sold, an increase by more than 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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