Dutch home prices down 4 percent from last year

Dutch home prices down 4 percent from last year

Prices of existing owner-occupied dwellings were on average 4.0 percent lower in October 2013 than in October 2012. The price drop is slightly less substantial than in the preceding month, when house prices fell by 4.1 percent. The index – a joint publication by Statistics Netherlands and the Land Registry Office – reflects price changes of existing owner-occupied dwellings in the Netherlands.

In October 2013 prices of existing owner-occupied dwellings were at the same level as in early 2003. They were 20.3 percent below the record level registered in August 2008.

In the first ten months of 2013, a total of 84,055 homes were sold. This constitutes a 6.7 percent decrease on the level of the first ten months of 2012.

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