Dutch house prices almost 8 percent down in the last year

Dutch house prices almost 8 percent down in the last year

Prices of existing owner-occupied dwellings were on average 7.6 percent lower in April 2013 than in April 2012. The price drop is larger than in the previous month when house prices dropped by 7.0 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.

Prices of existing owner-occupied dwellings were at the same level in April 2013 as in the spring 2003. They were 19.5 percent down from August 2008, when house prices reached a record high.

In the first four months of this year, a total of 29,644 house sales were registered. House sales dropped 7.9 percent below the level of the first four months of 2012.

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