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House prices drop further & faster

House prices drop further & faster

The price index of residential properties reveals that prices of houses in the Netherlands drop further and faster.

Insights
 Prices of owner-occupied houses in January 2011 (December 2010) were on average 1,1 (0,8) percent lower than in January 2010 (December 2009).
 In January 2011 (December 2010), prices of residential properties dropped by 0,2 percent relative to December (November) 2010.
 The number of sold dwellings increased (9 percent) relative to January 2009.
 Prices of terraced houses dropped most (1,8 percent).
 All dwellings were cheaper in January 2011 than one year ago.
 Prices dropped in all provinces except North Holland (1,3 percent increase) and Gelderland (stable).

Source: Statistics Netherlands (CBS)

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