House prices stabilise but building permits reach 60-year low

21st February 2014, Comments 0 comments

House prices were down just 0.5 percent in January, compared with January 2013, showing house prices have now stabilised, the national statistics office CBS says on Friday.

Month on month, there was a 0.4 percent rise in house prices.

House prices are now in line with 11 years ago, after reaching a peak in August 2008, the CBS says.

Houses have gone down an average of 20 percent in price since then.

Permits

At the same time, the CBS says the number of permits for new houses reached a record low of 26,000 in 2013.

This is 30 percent down on 2012 and 70 percent down on 2008.

Permits for new housing have not been so low since 1953, the CBS says.

Nevertheless, there were strong regional variations.

The number of permits slumped 63 percent in Friesland but rose 18 percent in Utrecht province.


© DutchNews.nl

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