Home prices in the Netherlands jump 4 percent from year ago

Home prices in the Netherlands jump 4 percent from year ago

Prices of owner-occupied houses in the Netherlands (excluding new constructions) were on average 3.8 percent higher in November 2015 than in November 2014. This is the most substantial year-on-year price increase in 7.5 years. Since June 2013, prices of owner-occupied houses have inched up, according to the price index of owner-occupied houses, a joint publication by Statistics Netherlands (CBS) and the Land Registry Office.

In November 2015, the average price level of owner-occupied houses was approximately the same as in April 2004. Dutch house prices dipped to a low in June 2013, but since then, residential property prices have risen modestly. House prices were 6.8 percent higher in November 2015 than in June 2013, but they were 16.1 percent below the record level reached in August 2008.

House sales substantially up
According to figures released by the Dutch Land Registry Office last Friday, 14,545 houses were sold in November, a rise by more than 24 percent relative to November 2014. Over the first eleven months of this year, 156,727 houses were sold, i.e. an increase by more than 22 percent compared to the same period last year.

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