House prices rise year on year but growth slows for fourth month

House prices in the Netherlands continue to rise year-on-year but the growth has been slowing for the past four months, according to new figures published by statistics agency CBS and the land registry office Kadaster.

In August, house prices were up 11.9% but in July the rise was 14.5%, the CBS said on Thursday. Last winter, house prices were rising by around 20% a year.

House prices have been rising steadily each year since 2013 and are now double the figure of nine years ago.

Fewer houses are changing hands, although the supply of houses for sale on the housing site Funda has risen this year. In August, 16,405 deals were signed, down 5% on July and 20% below the August 2021 figure, the CBS said.

The Financieele Dagblad reported that there was a slight month-on-month drop of 0.1% in prices from July to August, the first measured by CBS figures.