Existing owner-occupied homes in the Netherlands were 9.3 percent more expensive in August than in the same month last year, Statistics Netherlands and the Land Registry reported on Friday. The price increase was higher in August than in previous months.
The prices of existing homes in the Netherlands increased by 8.8 percent in the second quarter compared to a year earlier, reaching a record high. The number of home sales decreased almost everywhere in the country, Statistics Netherlands and the Land Registry reported on Friday.
House prices in the Netherlands reached record high in May, rising above the peak in August 2008 to the highest level ever, according to figures Statistics Netherlands and the Land Registry released on Thursday.
Last month the average price to buy a house in the Netherlands was 283,945 euros, 9 percent higher than a year earlier. This only includes existing owner-occupied homes, new construction is not included in these figures. In April house prices were also almost 9 percent higher than they were in April 2017.
Housing prices in the Netherlands were 8.8 percent higher in January than in the same month last year, the highest increase in 16 years, Statistics Netherlands and the Land Registry reported on Wednesday.
The prices of existing homes in the country have been increasing steadily since June 2013. Housing prices are now at about the same level as in January 2008.
Compared to the housing market peak in June 2008, the current housing prices are still 2 percent lower. Compared to the low point on the market in June 2013, the current prices are around 25 percent higher.
The number of existing homes sold in the Netherlands started slowly declining over the past months, after a peak of 25,280 homes sold in December last year, Financieele Dagblad reports based on figures from the Land Registry.
Existing home prices in the Netherlands increased by 8.2 percent in October, compared to the same month last year - the biggest increase since early in 2002, according to Statistics Netherlands and the Land Registry.
Housing prices in the Netherlands have been steadily rising since June 2013. The average price level of existing homes in October 2017, was at the same level as in May 2007. October's housing prices were still 4 percent lower than the price peak in August 2008, and 22 percent higher than the housing market low point in June 2013.
Home prices in Amsterdam increased sharply in Amsterdam in the third quarter, while the number of home sales in the entire Noord-Holland dropped, according to figures from Statistics Netherlands and the Land Registry. Home prices in Amsterdam were 13.8 percent higher, compared to the third quarter last year. Nationwide, home prices increased by 7.6 percent.
Home sales in the Netherlands reached record high in the third quarter. Over 61 thousand homes were sold, the highest number ever sold in one quarter. These transactions involved over 16 billion euros.
An increasing number of Dutch homes are being bought without a mortgage, according to the Land Registry. Last year almost a third of the apartments sold in the Netherlands were bought in cash, NOS reports.
In the large Dutch cities Amsterdam, Rotterdam and The Hague, about 25 percent of houses were bought without a mortgage. In student cities like Delft, Groningen and Maastricht, 30 percent were bought in cash. Last year mortgage-free buyers spent 8.6 billion euros on homes, 16 percent of the total money spent on mortgages. In 2011 it was 4 billion euros.
Housing prices in the Netherlands continue to rise. In March housing prices were 7.3 percent higher than in the same month in 2016 - the biggest price increase in 15 years, according to figures released by Statistics Netherlands and the Land Registry on Friday.
The current price level is still 8.6 percent below the housing prices peak of 2008, but 16.4 percent above the low point in 2013. The average house price is currently at the same level as in April 2006.
Last month the number of sold homes in the Netherlands was almost a fifth higher than in February last year, according to figures from the Land Registry. Compared to January, home sales increased by 7 percent, AD reports.
Last month the Land Registry recorded 17,708 sold homes. Sales increased for all types of housing. The biggest increase was in the sale of detached homes, 35 percent. The smallest increase, 14.7 percent, was in apartment sales.
The average age of homebuyers in the Netherlands increased significantly over the past years, according to figures from Statistics Netherlands and the Land Registry. That can only partly be explained by the increasing age of the Dutch population, and likely has more to do with stricter mortgage rules and rising property prices, according to the statistics office.
The Dutch Land Registry's computer system does not have proper security and is vulnerable to major data breaches, according to Land Registry documents in the Financieele Dagblad's possession. A spokesperson for the Land Registry confirmed the authenticity of the documents to NU.nl.
In December home prices in the Netherlands were 6.7 percent higher than in December 2015, the biggest increase since May 2002, Statistics Netherlands and the Land Registry announced on Friday.
Throughout 2016 the prices of homes increased about 5 percent, continuing the upward trend of the past years. Compared to the low point in the housing market in June 2013, house prices in the Netherlands increased nearly 14 percent. The average price for an existing home is now back at the level of November 2005, but still 11 percent below the peak level of August 2008.
In August the prices of existing homes in the Netherlands were 6 percent more expensive than in the same month last year - the biggest increase in 14 years, according to the Land Registry and Statistics Netherlands.
Prices for existing homes in the Netherlands increased by 4.9 percent in July, the biggest price increase in almost 12 years, according to Statistics Netherlands and the Land Registry.
In July 19,723 homes were sold in the Netherlands, a 7.1 percent increase compared to the 18,442 homes sold in the country in July 2015, the Land Registry announced on Wednesday. Compared to June 2016, there was a 10.4 percent increase in the number of homes sold
In the first quarter of 2016, existing home prices in Amsterdam rose above pre-crisis levels. A home in Amsterdam currently costs an average of 337 thousand euros, more than 100 thousand euros higher than the national average and 2 percent higher than in 2008, according to Statistics Netherlands and the Land Registry.
A total of 11,907 homes were sold in the Netherlands in January, according to figures released by the Land Registry on Wednesday. That is an increase of 26.2 percent compared to January 2015
Home prices in Amsterdam increased by 9.7 percent last year, though the prices are still 3.6 percent below what they were before the crisis in 2008, according to figures released by Statistics Netherlands and the Land Registry on Thursday.
Home sales in the Netherlands showed a decline in December compared to the same month in 2014. Compared to November however, there was a significant increase, according to figures released by the Land Registry on Tuesday
The prices of existing homes were 3.4 percent higher in October than in the same month last year, following the slight upward trend that started in June 2013.
Home sales increased across all types of properties and in all provinces in the Netherlands in July. A total of 18,442 homes were registered as sold in July this year, an increase of 32.7 percent compared to July 2014 and an increase of 21.6 percent compared to June 2015.
Statistics Netherlands announced today that the average price level for existing homes was 0.9 percent higher last year than in 2013. This is the first time since the financial crisis in 2008 that the average price level of a year is higher than that of the previous year.