House prices 7.5 percent higher in February

21/03/2019 15:00

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In February 2019, prices of owner-occupied dwellings (excluding new constructions) were on average 7.5 percent higher than in the same month last year. The price increase was the lowest since October 2017. This is evident from price monitoring of existing owner-occupied dwellings by Statistics Netherlands (CBS) and The Netherlands’ Cadastre, Land Registry and Mapping Agency.

Price development of existing owner-occupied dwellings
Year	Month	Change (year-on-year % change)
2015	March	2.7
2015	April	2.3
2015	May	2.6
2015	June	2.6
2015	July	2.7
2015	August	2.5
2015	September	3.5
2015	October	3.4
2015	November	3.8
2015	December	3.2
2016	January	4.1
2016	February	3.8
2016	March	4.3
2016	April	4.2
2016	May	4.3
2016	June	4.6
2016	July	4.9
2016	August	6
2016	September	5.9
2016	October	5.6
2016	November	6
2016	December	6.7
2017	January	6.4
2017	February	6.7
2017	March	7.3
2017	April	7.4
2017	May	7.8
2017	June	8
2017	July	7.6
2017	August	7.8
2017	September	7.3
2017	October	8.2
2017	November	8.2
2017	December	8.2
2018	January	8.8
2018	February	9.5
2018	March	8.6
2018	April	8.8
2018	May	8.9
2018	June	8.9
2018	July	9
2018	August	9.3
2018	September	9.3
2018	October	9
2018	November	9.5
2018	December	8.4
2019	January	8.7
2019	February	7.5
Source: CBS, Kadaster

Price development of existing owner-occupied dwellings
Year	Month	Change (year-on-year % change)
2015	March	2.7
2015	April	2.3
2015	May	2.6
2015	June	2.6
2015	July	2.7
2015	August	2.5
2015	September	3.5
2015	October	3.4
2015	November	3.8
2015	December	3.2
2016	January	4.1
2016	February	3.8
2016	March	4.3
2016	April	4.2
2016	May	4.3
2016	June	4.6
2016	July	4.9
2016	August	6
2016	September	5.9
2016	October	5.6
2016	November	6
2016	December	6.7
2017	January	6.4
2017	February	6.7
2017	March	7.3
2017	April	7.4
2017	May	7.8
2017	June	8
2017	July	7.6
2017	August	7.8
2017	September	7.3
2017	October	8.2
2017	November	8.2
2017	December	8.2
2018	January	8.8
2018	February	9.5
2018	March	8.6
2018	April	8.8
2018	May	8.9
2018	June	8.9
2018	July	9
2018	August	9.3
2018	September	9.3
2018	October	9
2018	November	9.5
2018	December	8.4
2019	January	8.7
2019	February	7.5
Source: CBS, Kadaster

House prices show upward trend

House prices reached a record high in August 2008 and subsequently started to decline, reaching a low in June 2013. The trend has been upward since then. In May 2018, the price index of owner-occupied dwellings exceeded the record level of August 2008 for the first time. In January 2019, house prices reached the highest level ever.

Compared to the low in June 2013, house prices were up by 35.5 percent on average in February 2019, and 6.4 percent higher on average relative to the previous peak in August 2008.

Price index of existing owner-occupied dwellings
Year	Month	(2015=100) (2015=100)
2015	March	98.8
2015	April	99.1
2015	May	99.4
2015	June	99.6
2015	July	100.5
2015	August	100.4
2015	September	101.2
2015	October	101.4
2015	November	101.5
2015	December	101.1
2016	January	102.4
2016	February	102.5
2016	March	103
2016	April	103.2
2016	May	103.7
2016	June	104.3
2016	July	105.5
2016	August	106.4
2016	September	107.2
2016	October	107
2016	November	107.5
2016	December	107.9
2017	January	108.9
2017	February	109.3
2017	March	110.5
2017	April	110.9
2017	May	111.7
2017	June	112.5
2017	July	113.5
2017	August	114.6
2017	September	115
2017	October	115.8
2017	November	116.4
2017	December	116.8
2018	January	118.6
2018	February	119.7
2018	March	120.1
2018	April	120.6
2018	May	121.7
2018	June	122.5
2018	July	123.7
2018	August	125.4
2018	September	125.7
2018	October	126.2
2018	November	127.4
2018	December	126.6
2019	January	128.8
2019	February	128.7
Source: CBS, Kadaster

Price index of existing owner-occupied dwellings
Year	Month	(2015=100) (2015=100)
2015	March	98.8
2015	April	99.1
2015	May	99.4
2015	June	99.6
2015	July	100.5
2015	August	100.4
2015	September	101.2
2015	October	101.4
2015	November	101.5
2015	December	101.1
2016	January	102.4
2016	February	102.5
2016	March	103
2016	April	103.2
2016	May	103.7
2016	June	104.3
2016	July	105.5
2016	August	106.4
2016	September	107.2
2016	October	107
2016	November	107.5
2016	December	107.9
2017	January	108.9
2017	February	109.3
2017	March	110.5
2017	April	110.9
2017	May	111.7
2017	June	112.5
2017	July	113.5
2017	August	114.6
2017	September	115
2017	October	115.8
2017	November	116.4
2017	December	116.8
2018	January	118.6
2018	February	119.7
2018	March	120.1
2018	April	120.6
2018	May	121.7
2018	June	122.5
2018	July	123.7
2018	August	125.4
2018	September	125.7
2018	October	126.2
2018	November	127.4
2018	December	126.6
2019	January	128.8
2019	February	128.7
Source: CBS, Kadaster

Number of housing transactions down

According to figures by The Netherlands’ Cadastre, the total number of dwellings sold in the month of February 2019 stood at 15,470. In first two months of this year, 30,595 dwellings were sold, a decrease of almost 5 percent compared to the same period in 2018.

Sources

StatLine - House Price Index; existing own homes
StatLine - House Price Index by region
StatLine - House Price Index by type of dwelling

House prices show upward trend

Number of housing transactions down

Sources

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