House prices continue to rise, were up nearly 8% in May

House prices in the Netherlands were almost 8% higher in May than they were a year ago, the national statistics office CBS said on Wednesday.

House prices have been rising steadily for over three years now and are nearly 18% higher than in June 2013, when the housing market was at its lowest level.

The price of an average home is now on a par with prices in summer 2006, still some 8% below August 2008 when they hit a record.

Sales were also up last month. Figures from the land registry office show nearly 20,000 transactions were recorded in May, a rise of 25% of May 2016 and 20% up on April this year.

House prices in some parts of the country – Amsterdam and Utrecht in particular – have already outstripped the August 2008 record.