Friday 30 October 2020

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

Detached Dutch house with For Sale sign.


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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