Photo Reuters
Existing homes were 2.1 percent higher in January than in the same month a year earlier.
That turned out Friday 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 were 3.6 percent higher in January. Compared to August 2008, when housing prices peaked, the price level is 18.6 percent lower.
The Land Registry
The sharp drop is due to the disappearance of the extended grant exemption (100,000 euros) on 1 January. The government decided in August that the popular crisis measure is not renewed. From January 1 should therefore only 50,000 euros to be paid tax-free and are there more restrictions attached to it.
Also, many jars buyer loans have been on and the government has the lending standards for getting a mortgage tightened. In addition, the last month of the year, traditionally a peak month, as many notaries for the new year to have arranged the transfer.
Limited supply for starters
The statistics agency reported Friday that there were also 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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