Official property values rise for the first time since 2010

Housing in Zandam, RochdaleThe average official value of Dutch property has risen for the first time since 2010, the national statistics office CBS said.

In January, the average value (WOZ) had risen 1.5% to €209,000 compared with the previous year. In 2010, the average value was €242,000.

The WOZ value of property is used to determine local government taxes, such as waste disposal charges and water rates.

WOZ values rose most – 9% – in Amsterdam but are highest in Utrecht, at €243,000. Properties in Groningen province have the lowest average WOZ values, at just €155,000.

WOZ value developments are based on house prices in the previous year, and so trail market developments.

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