Dutch Home Prices Continue to Rise; Sales Up

Prices of owner-occupied homes, excluding new constructions, were on average 1.9 percent higher in July 2014 than in July 2013. This was the fourth month in a row with increasing year-on-year prices. The price index of owner-occupied houses, excluding new constructions – a joint publication by the Statistics Netherlands (CBS) and the Land Registry Office – reflects price changes of residential property in the Netherlands.

The average price level of owner-occupied houses, excluding new constructions, is at approximately the same level as in May 2003. Prices were 19.1 percent below the record level registered in August 2008, but prices were 3.1 percent higher than in June 2013.

House sales continue to rise
Last Monday, the Land Registry Office reported that 13,833 were sold in July, an increase by 43.7 percent relative to July 2013. In the first seven months of this year, 76,920 homes were sold, an increase by more than 40 percent relative to the same period last year.

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