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House prices 7.5 percent higher in February

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2019-03-21 14:00
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In February 2019, prices of owner-occupied dwellings (excluding new constructions) were on average 7.5 percent higher than in the same month last year.

CBS (Centraal Bureau Voor De Statistiek)

In February 2019, prices of owner-occupied dwellings (excluding new constructions) were on average 7.5 percent higher than in the same month last year. The price increase was the lowest since October 2017. This is evident from price monitoring of existing owner-occupied dwellings by Statistics Netherlands (CBS) and The Netherlands’ Cadastre, Land Registry and Mapping Agency.
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House prices show upward trend

House prices reached a record high in August 2008 and subsequently started to decline, reaching a low in June 2013. The trend has been upward since then. In May 2018, the price index of owner-occupied dwellings exceeded the record level of August 2008 for the first time. In January 2019, house prices reached the highest level ever.

Compared to the low in June 2013, house prices were up by 35.5 percent on average in February 2019, and 6.4 percent higher on average relative to the previous peak in August 2008.

According to figures by The Netherlands’ Cadastre, the total number of dwellings sold in the month of February 2019 stood at 15,470. In first two months of this year, 30,595 dwellings were sold, a decrease of almost 5 percent compared to the same period in 2018.


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