Tag Archives: Inflation

Dutch House Prices Have Remained Flat The Last Few Months

Dutch house prices have remained flat the last few months. The price index has been stuck near 85 since April of this year. According to CBS year over year home prices dropped 4% last month. Home prices are now 20.3% below the record of August 2008.

Prices of existing owner-occupied dwellings

CBS: Prices of existing owner-occupied dwellings

CBS: Price index of existing owner-occupied dwellings

CBS: Price index of existing owner-occupied dwellings

Corrected for inflation house prices haven’t moved either as Mathijs Bouman showed with another chart on Twitter. According to the chart below home prices corrected for inflation are at the same level as in October 1999. In a post I made about Dutch house prices in June of this year I also noted that the price, corrected for inflation, was the same as in October 1999. While we can speculate about what home prices will do next right now it looks like we have found a temporary bottom at the very least.

Dutch house prices corrected for inflation

Bouman: Dutch house prices corrected for inflation

Dutch Inflation Near Highest Point In 10 Years

Today the new inflation numbers of the Dutch statistical bureau CBS arrived. According to CBS annual Dutch inflation is now at 2.9%. The main cause for this is the fact that the Dutch government decided to increase the value added tax (VAT) rate in october 2012. (credit: chart)

Nederlandse inflatie juni 2013 Dutch inflation june 2005 - 2013 short term month over month

If you look at the longer term inflation is near the highest point in 10 years. It is even higher now then it was for a big part during the 1990’s. According to CBS Dutch inflation averaged 1,89% during 2002 and 2011. Between 1992 and 2002 inflation averaged at 2.61%. The little peak of 4,5% in 2001 was caused by an increase of the Dutch VAT rate.

Nederlandse NL lange termijn inflatie maand over maand Dutch NL long term inflation month over month CBS

Because of these VAT rate hikes inflation in The Netherlands is now double that of the European average. PDF

inflatie nederland eurozone gemiddelde inflation netherlands dutch eurozone