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Existing owner-occupied homes more than 5.8% more expensive

Existing owner-occupied homes more than 5.8% more expensive

Existing owner-occupied homes were 5.8% more expensive in November than in November 2018. This is the result of research into the price development of existing private owner-occupied homes in the Netherlands by Statistics Netherlands and the Land Registry.

The price increase is lower than in October. After a peak in August 2008, the prices of owner-occupied homes fell and a low was reached in June 2013. Since then there has been a rising trend. In May 2018, the price index of existing owner-occupied homes was for the first time higher than the record level in August 2008. In November 2019, the index reached the highest level ever. Compared with the fall in June 2013, prices were nearly 42 percent higher in November.

The Land Registry announced that it registered 18,346 homes sold in November. That is slightly more than a year earlier. 196,022 homes were sold in the first eleven months of 2019. That is 1.5% less than in the same period in 2018.

Source: CBS

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