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House prices show biggest growth in seven years

October 19, 2015

house soldHouse prices in the Netherlands continue to recover, with average sales prices rising 3.5% in September, the biggest rise since April 2008.

House prices reached their lowest level in June 2013 but have been rising ever since, the land registry office says on Monday.

Prices are now 6.6% higher than in June 2013. However, they are still around 16% lower than in August 2008, when the Dutch housing market reached its peak.

According to land registry figures, 16,324 houses were sold in September, up from 12,949 a year earlier. Compared with August, sales rose nearly 3%.

Sales growth was strongest in Friesland where 43% more houses were sold. The weaknest growth was in Zeeland where house sales rose 6.5%.

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