The price index of existing residential properties reveals that prices of owner-occupied houses in the Netherlands were on average 2,8 percent lower in August 2011 than one year previously.

More insights
› Around 10.000 houses "changed hands" in August 2011, 4 percent fewer than one year ago
› Prices declined by 0,7 percent relative to July 2011
› All types of dwellings were cheaper than in August 2010
› Residential property prices declined most in Limburg and Gelderland
› Residential property prices increased only in Zeeland

The price index of existing residential property is a joint publication by Statistics Netherlands and the Land Registry Office.

Note that property transfer tax is reduced to 2% since June 15, 2011.

Source: Statistics Netherlands