Largest house price increase in 15 years

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Prices of owner-occupied houses (excluding new constructions) were on average 7.3 percent higher in March 2017 than in March 2016. This is the most substantial price increase since April 2002. 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 16.4 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 8.6 percent below the record level of August 2008 and 16.4 percent higher relative to the price dip in June 2013. The average price level of owner-occupied houses in March 2017 was about the same as in April 2006.

Number of house sales continues to grow

According to figures released by the Dutch Land Registry Office last Tuesday 21,648 owner-occupied houses were sold in March. In Q1 this year 55,911 houses were sold, an increase by more than 30 percent compared to the same period in 2016.

Sources

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