Dutch house prices more than 6 percent down in December

Dutch house prices more than 6 percent down in December

Dutch house prices more than 6 percent down from twelve months previously according to figures released by Statistics Netherlands.

Prices of existing owner-occupied dwellings sold in December 2012 were on average 6.3 percent lower than in December 2011. The price drop relative to one year previously is again less substantial than in the preceding month. On average, house prices were 5.9 percent lower in 2012 than in 2011. The price index of existing residential property – a joint publication by Statistics Netherlands and the Land Registry Office – reflects price changes of existing owner-occupied dwellings in the Netherlands sold to private individuals.

According to the price index of existing residential property, house prices have hardly changed over the past four months. Just as in the preceding months, prices of existing owner-occupied dwellings sold in December 2012 were at the same level as in early 2004. They were 16.6 percent down from August 2008, when house prices reached a record high.

A total of 117.261 house sales were registered in 2012, i.e. nearly 3 percent below the level of 2011.

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