Although existing owner-occupied homes were 11.9 percent more expensive in August this year than a year earlier, the rise in house prices appears to be slowing down somewhat. For the fourth month in a row, prices are rising slightly less than the month before, according to Thursday published figures from the Central Bureau of Statistics (CBS) and the Land Registry. Prices in that period were consistently higher than in the same month a year earlier.
House prices have been rising continuously since June 2013, when the average selling price of an existing home was more than 206,000 euros. Last month, after more than nine years, the same average was about 446,000 euros. At the same time, more than 16,400 homes were sold last month: 5 percent less than a year earlier.
The Netherlands has been struggling with a housing shortage for years: according to official figures, there were almost 280,000 homes too few at the beginning of this year, out of a total of more than eight million. The Rutte IV cabinet has decided to build at least one hundred thousand extra homes a year over the next nine years in an attempt to solve the crisis.
Also read: Are a million homes needed? It can also be less, or more
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