house prices

Highest increase in house prices in 7,5 years

Existing houses for sale were 3.8 percent more expensive in November this year than a year ago. This is the biggest rise on an annual basis in 7,5 years, according to the CBS (Centraal Bureau voor de statistiek) and the Kadaster.

Since the summer of 2013 the trend has been of a slight price increase. The price level in November can be compared to the price level of April 2004. Compared to the low in June 2013, houses were 6.8 percent more expensive last month. Still 16.1 percent lower than the high in August 2008 though.

More sales

The price index of existing houses for sale is based on transaction prices of properties and the WOZ value of all houses in the Netherlands.

Last week the Kadaster announced a 14.545 property sales in November. That’s almost 25% more than a year before.

House prices Amsterdam and Haarlem

Note that Amsterdam and surroundings (Haarlem, Bloemendaal, Heemstede e.g.) are different from the rest of the country. According to the housing sector research group Calcasa, almost 40 percent of Amsterdam housing is currently selling for above the asking price. For some areas within the ring 60 percent go for higher prices. In the Netherlands as a whole, this goes for only 7 percent. Several people in the field speak of overheating of the Amsterdam housing market, because the average Amsterdam home costs more than in 2008.



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