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Housing market has cooled down again

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The Central bureau of statistics provides numbers that the prices of houses are still rising, but the number of transactions is receding faster. In August 2019 the houses were 5,7 per cent more expensive than in the same period in the last year. This is the lowest price increase in almost 3 years. The prices were receding after a peak in 2008. In 2013, the lowest point was reached. Since then the prices have gone up again. In may 2018, the prince index of existing houses was for the first time higher than the record level in august 2008.

The Kadaster published that in August, 19.583 houses were sold. This is over 6 per cent less than a year before. In the first 8 months of 2019, 140.559 houses were sold. This is over 3 per cent less than in the same period in 2018.

Source: Vastgoedmarkt

Publication date 01/10/2019