Friday 30 October 2020

Dutch house prices rise nearly 5% in July, biggest leap in 12 years

Detached Dutch house with For Sale sign.

Photo: depositphotos.com

House prices in the Netherlands have taken their biggest leap in 12 years, recording an average rise of 4.9% in July, according to new figures from the land registry and statistics office CBS.

House prices reached a peak in August 2008 but then fell steadily because of the impact of the economic crisis. They have been rising again since June 2013.

Nevertheless, they are still down 12.8% on their maximum, having risen 11% since the start of the recovery. In July 2016, average house prices were on a par with March 2005.

However there are major regional discrepancies. The CBS said in June that house prices had rocketed in Amsterdam and are now 7% up on their pre-crisis peak. In the three months to June, house prices in Amsterdam rose almost 15%.

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