Dutch house prices up for more than six months

Dutch house prices up for more than six months

Prices of own homes, excluding new constructions, were on average 2.2 percent higher in October 2014 than in October 2013. The price increase in October was marginally higher than in September. Year-on-year house prices have been up for more than six months now, according to the price index of owner-occupied homes – a joint publication by Statistics Netherlands (CBS) and the Land Registry Office.

On average, prices of owner-occupied houses are at approximately the same level as in May 2003. They are still 19 percent below the record level reached in August 2008, but they are now 3.2 percent above the low level recorded in June 2013.

House sales growing substantially
Last Monday, the Land Registry Office reported that 14,353 homes were sold in October, an increase by nearly 45 percent from October 2013. In the first ten months of this year, 116,550 homes were sold, an increase by nearly 39 percent compared to the same period last year. House sales in the period January-October 2014 already exceed the number of house sales over the entire year 2013 by nearly 6,500.

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