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The prices of homes are still going up. Existing homes in January were 2.1 percent higher than in January last year. That turned out today to figures from the Central Bureau of Statistics (CBS) and the Land Registry.
It is the tenth consecutive month that prices of homes are higher than in the same month a year earlier. The average price of existing homes in January was about as high as mid 2003. In June 2013 the house price reached a low point, since there is a slight upward trend.
Compared with June 2013, prices in January 3 6 percent higher. Compared to August 2008, when housing prices peaked, the price level is 18.6 percent lower.
The Land Registry released Tuesday already out that were registered in January 9437 homes sold. That is an increase of 6 percent compared to January 2014.
Starter Homes
The statistics office also reported today that for first-time buyers, who focus on a house with a garden, the supply is limited. End of 2014, there were 12,000 single-family homes with an asking price below 150,000 euros for sale. That’s only three percent of the total number of occupied dwellings with a property value at this price.
More expensive single-family proportionate often for sale, ie 5 percent of the total number of occupied dwellings in 2012 WOZ value above 150,000 euros. CBS pointed out that starters have not built up equity from a previous home, making the purchase of a first home to be financed with a mortgage and any savings.
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