Thursday 07 July 2022

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

The DutchNews.nl team would like to thank all the generous readers who have made a donation in recent weeks. Your financial support has helped us to expand our coverage of the coronavirus crisis into the evenings and weekends and make sure you are kept up to date with the latest developments.

DutchNews.nl has been free for 14 years, but without the financial backing of our readers, we would not be able to provide you with fair and accurate news and features about all things Dutch. Your contributions make this possible.

If you have not yet made a donation, but would like to, you can do so via Ideal, credit card or Paypal.