House prices rise by 3.8% as recovery continues
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.