Dutch Housing Market report available (August 2010)
24-8-2010 | Other news
The Dutch existing homes market is currently under heavy weather. A lack of confidence among house buyers has sapped momentum from the market. Transaction numbers continue to lag below pre-crisis levels. However, the decline in the number of sales has been halted: during the first half of 2010, almost 60,000 sales took place – over 2,000 more than in the same period last year. Sales figures are currently stabilising around 130,000 year-on-year. This is historically low, but at least the downward trend has come to an end.
This stabilisation is reflected in the price development of second-hand (or existing) houses. The second-hand housing market indicator (PBK) of CBS/Land Registry showed 0.2% price growth in the second quarter of 2010 compared to the first quarter. Owing to the declining prices of previous quarters, prices have still declined year-on-year, although the rate of this decline has decreased markedly in recent quarters (from -4.4% to -1.9%).
Contact
Get in touch with the
IR Office by phone or use the form provided.
