House prices, 2014

House prices still much cheaper in 2014 than in peak year 2008

According to the house price index, prices of existing homes (i.e. excluding new construction) were 0.9 percent higher in 2014 than in 2013. Compared with 2008, when Dutch house prices peaked, prices were nearly 19 percent lower.
Home buyers spent an average 222 thousand euros for a property in 2014. In 2008 this was 255 thousand euros; a 13 percent decrease. This is a smaller decrease than the above-mentioned 19 percent because the average house price does not take into account the different types of dwellings. The average price fell by less than house prices overall because buyers bought more relatively costlier homes in 2014 than in 2008.

Smallest price decrease in Zeeland

House prices have fallen in all provinces in the last six years. The decreases were largest in North Brabant, Gelderland and Friesland: all over 21 percent. Zeeland is quite remarkable in this respect: house prices in this province fell by around 13 percent. By comparison, the province with second smallest price decrease was Flevoland, with 16.8 percent.
The average price of sold houses was lowest in Groningen and highest in North Holland. On average, house buyers paid 91 thousand euros more in North Holland than in Groningen. In the previous years the average price of sold houses was highest in Utrecht.