Owner-occupied houses have again become considerably more expensive in October. The price of existing owner-occupied homes was 18.3 percent higher last month than in the same month a year earlier, report the Central Bureau of Statistics (CBS) and the Land Registry Monday. The increase was not as strong as in September: at 18.5 percent, it was still the highest level since 2000.
Far fewer owner-occupied homes changed hands in October than a year earlier, according to figures from Statistics Netherlands and the Land Registry. More than 16,000 homes were sold, or an annual decline of 27 percent. The number of transactions has already fallen in recent months, but it was not yet as strong as in October. Because an exceptionally large number of houses were sold in the first months of 2021, the total number of transactions this year is still almost at the same level as in the same period last year.
House prices reached their all-time high in October. Statistics Netherlands does not show this on the basis of the actual selling price, but with an index that shows how strongly the prices have risen in proportion. For example, it becomes clear that owner-occupied homes have become almost 80 percent more expensive since the spring of 2013, when they had reached a low point after the financial crisis. Real estate association NVM announced last month that the average Dutch owner-occupied home cost 419,000 euros in the third quarter.
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