House prices rise by 3.8% as recovery continues

22nd March 2016, Comments 0 comments

House prices rose for the 22nd month in a row in February as the Dutch market continues to recover from its six-year slump.

The latest monthly figures published by the national statistics office CBS found that prices rose by 3.8% nationwide in February, just below January’s eight-year record rate of 4.1%.

The figure has increased by at least 3% each month since September last year, but is still 15% lower than the all-time peak reached in August 2008. Prices have risen by around 8% from the low point of June 2013.

Last week the land registry announced that 14,866 properties were sold in February, around 25% more than the previous year, sustaining the trend seen in January.

 

© DutchNews.nl

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