Dutch house prices keep falling

Dutch house prices keep falling

House prices in the Netherlands continue to fall and the number of sales declined again, according to Statistics Netherlands.

Prices of existing owner-occupied dwellings sold in April 2012 were on average 5.2 percent down on April 2011. According to the price index of existing residential property – a joint publication by Statistics Netherlands and the Land Registry Office – the price decrease was more substantial than in the preceding month, when residential property prices were 4.7 percent down on one year previously. The index reflects price changes of existing owner-occupied dwellings in the Netherlands sold to private individuals.

Just as in the preceding months, residential property prices fell across all provinces. All types of dwellings were cheaper in April 2012 than in April 2011.

More than 8 thousand existing owner-occupied dwellings were sold in April. House sales were more than 18 percent down from April 2011. The downward trend was observed in all provinces and applied to all types of dwellings. The total number of house sales in the period January 2012 – April 2012 was just over 32 thousand, i.e. 16 percent down on the same period in 2011.

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