House prices fall 2.8% in August
House prices were down an average 2.8% in August compared to the year earlier period, the national statistics office CBS said on Wednesday.
Detached houses fell most in price, with a drop of 4.5%.
Prices fell in every province except Zeeland, where there was a 1.7% average increase, the CBS said.
Some 10,000 houses changed hands in August, down 4% on August 2010. The CBS said the effect of the government’s decision to reduce property transfer taxes would not be apparent until September and October.
The government cut the tax from 6% to 2% in an effort to stimulate the housing market. However, new rules governing mortgages, which make it harder for first-time buyers to get a foot on the ladder, came into effect on August 1.
The CBS did not say what the average price of a house now is.
Thank you for donating to DutchNews.nl.
We could not provide the Dutch News service, and keep it free of charge, without the generous support of our readers. Your donations allow us to report on issues you tell us matter, and provide you with a summary of the most important Dutch news each day.
Make a donation