Highest price increase for homes in seven years

By: Together Abroad 19-10-2015 12:55 PM
Categories: Tips for internationals,
 


The Netherlands saw an average 3.5 percent increase in home prices compared to a year earlier. In September, the home prices went up at its strongest pace since April 2008. This was made known by Kadaster (The Land Registry) and the Centraal Bureau voor de Statistiek (Statistics Netherlands, CBS).

The home price peaked in June 2013, but we're now climbing back through the trough. Owner-occupied homes have also improved, with an average 6.6 percent increase compared to June 2013.

However, houses are still on average 16 percent cheaper than in August 2008, when the Dutch housing market had reached its peak.

The average house price is now at the level of the first quarter of 2004.

Amsterdam

Last quarter, home prices rose the most in Amsterdam, reported CBS on Monday. In the capital, houses were nearly 10 percent more expensive compared to the third quarter of 2014.

Prices of existing homes also rose higher than a year earlier in the other three major cities of The Netherlands, Rotterdam, The Hague and Utrecht, as well as in eleven provinces. Only Zeeland saw a decrease in the home prices.

As in the previous five quarters, all types of housing became more expensive. The greatest increase was seen in apartments and terrace houses, with over a four percent price increase. Detached houses rose the least in price.

Source: CBS
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