House prices nearly 8 percent higher

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In August 2017, prices of owner-occupied houses (excluding new constructions) were on average 7.8 percent higher than in the same month last year. This price increase has been more or less the same for the past four months. 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.

The price index owner-occupied houses (excluding new constructions) is one of the inflation indicators incorporated in the price dashboard.

Prices nearly 21 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, the trend has been upward. House prices are currently over 5 percent below the record level of August 2008 and nearly 21 percent higher than during the price dip in June 2013. The average price level of owner-occupied houses in August 2017 was about the same as in March 2007.

Number of house sales continues to grow

According to figures released last Monday by the Dutch Land Registry Office 20,780 houses were sold in August. The total number of houses sold in the first eight months of this year was 155,040, representing an increase of nearly 17 percent compared to the same period in 2016.

Sources

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