Dutch house prices soar 7% in March, biggest increase in 15 years

House prices are rising in The Hague

House prices soared 7.3% in March compared with the year-earlier period, the biggest monthly rise in 15 years, according to new land registry figures.

House prices have been rising steadily since 2013, after plunging in the wake of the financial crisis. House prices are still, on average, 8.6% down on their August 2008 peak, but have outstripped this in Amsterdam, Utrecht and Rotterdam.

In the last of the big four citiies The Hague, house prices are now almost back at their pre-crisis level, the national statistics agency figures show.

House prices in The Hague fell 19% during the crisis but are now just 0.3% below the market peak.