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CBS: house prices rose slightly less sharply in February

Photo: ANP

House prices rose slightly less rapidly in February than a month earlier, the Central Bureau of Statistics (CBS) and the Land Registry have calculated. Existing owner-occupied homes were more than 20 percent more expensive in February than in the same period a year earlier.

In January, agencies reported a record house price increase of over 21 percent, the largest increase in home prices since measuring began in 1995. Compared to when house prices bottomed out in June 2013, prices were almost 92 percent higher.

In February, the number of housing transactions fell to 14,037, the Land Registry announced. That’s a 17 percent year-on-year decline. In the first two months of this year, 28,090 homes were sold, more than a third less than in the same months a year earlier.



CBS: house prices rose slightly less sharply in February
Source link CBS: house prices rose slightly less sharply in February

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