House prices almost 9 percent higher in January

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© ANP
In January 2018, prices of owner-occupied houses (excluding new constructions) were on average 8.8 percent higher than in the same month last year. The price increase was the highest in 16 years. Since June 2013, the trend has been upward. This is according to the price index of owner-occupied houses, a joint publication by Statistics Netherlands (CBS) and the Land Registry Office (Kadaster).

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

Price development of existing owner-occupied dwellings
   % change (year-on-year % change)
2014F-1.7
2014M-2.1
2014A0.1
2014M1.4
2014J2.2
2014J1.9
2014A1.7
2014S1.7
2014O2.2
2014N2.3
2014D2
2015J2.1
2015F2.4
2015M2.7
2015A2.3
2015M2.6
2015J2.6
2015J2.7
2015A2.5
2015S3.5
2015O3.4
2015N3.8
2015D3.2
2016J4.1
2016F3.8
2016M4.3
2016A4.2
2016M4.3
2016J4.6
2016J4.9
2016A6
2016S5.9
2016O5.6
2016N6
2016D6.7
2017J6.4
2017F6.7
2017M7.3
2017A7.4
2017M7.8
2017J8
2017J7.6
2017A7.8
2017S7.3
2017O8.2
2017N8.2
2017D8.2
2018J8.8
Source: CBS, Kadaster

Prices almost 25 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 still 2.0 percent below the record level of August 2008 and on average 24.8 percent higher than during the price dip in June 2013. The average price level of owner-occupied houses in January 2018 was about the same as in January 2008.

Price index of existing-occupied dwellings
   Index (2015=100)
2014F96.4
2014M96.1
2014A96.9
2014M96.8
2014J97.1
2014J97.9
2014A97.9
2014S97.7
2014O98
2014N97.7
2014D97.9
2015J98.4
2015F98.7
2015M98.8
2015A99.1
2015M99.4
2015J99.6
2015J100.5
2015A100.4
2015S101.2
2015O101.4
2015N101.5
2015D101.1
2016J102.4
2016F102.5
2016M103
2016A103.2
2016M103.7
2016J104.3
2016J105.5
2016A106.4
2016S107.2
2016O107
2016N107.5
2016D107.9
2017J108.9
2017F109.3
2017M110.5
2017A110.9
2017M111.7
2017J112.5
2017J113.5
2017A114.6
2017S115
2017O115.8
2017N116.4
2017D116.8
2018J118.6
Source: CBS, Kadaster

Number of house sales down

According to figures released last Monday by the Dutch Land Registry Office, 16,035 houses were sold in January 2018. This is a decrease of over 3 percent compared to January 2017.