House prices in the Netherlands shot up by an average 8.2% in 2017, outpacing gains in the rest of western Europe with the exception of Portugal and Ireland.
The survey of 17 countries by property valuation company Calcasa revealed that Dutch house prices rose almost 21% over the past three years.
Calcasa carried out two separate studies, one covering a 3-year and the other a 5-year period. Prices in Ireland, Sweden and Portugal rose the most in both surveys.
House prices did not rise as quickly in the Netherlands as in other European countries between 2012 and 2017, which Calcasa said, was a hangover from the 2008 economic crisis.
Dutch property prices were still declining in 2012 and 2013. As a result, the price rise over five years was somewhat lower than in other countries, Calcasa said.
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.