Netherlands' house prices dropped slightly in August
-
Loading... - Lotta Koskinen
- 14 Oct 2022
- 58 Views
- 0 Like
- 0 Comment
Dutch home prices fell very slightly in August, according to Statistics Netherlands (CBS). Homebuyers paid on average 0.1 percent less for an existing home than in July. CBS economist Peter Hein van Mulligen called it a trend break.
Compared to a year ago, owner-occupied homes were still significantly more expensive, but the price increase was much smaller than a few months ago. At the start of this year, the stats office reported the strongest increase in decades, with a plus of about 21 percent. Prices are now only 11.9 percent higher than the same month last year.
CBS’s price index is often slightly lower in a particular month than the previous month, but this is usually in December. The last time the stats office noticed a slight price drop in another month was in February 2019.
According to experts, there have been several signs recently that the housing market is finally cooling off after a period of significant price increases. “You can’t draw too many conclusions from one month,” Van Mulligen nuanced. But he also pointed out that the monthly increases in house prices in July and June were already minimal. Read More...
