Dutch house prices nearly 5 percent down from last year

Dutch house prices nearly 5 percent down from last year

Prices of existing owner-occupied dwellings were on average 5.0 percent lower in July 2013 than in July 2012. The price drop is much smaller than in the preceding month when house prices fell by 9.6 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 July 2013 as in early 2003. They were 20.0 percent below the record level recorded in August 2008.

In the first seven months of this year, a total of 54,860 house sales were registered, i.e. 16.9 percent below the level of the first seven months of 2012.

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