Dutch house prices fall, but number of $ millionaires rises

Figures from Statistics Netherlands show prices of owner-occupied dwellings fell 9.6% in the year to June.

This decline was steeper than that recorded in the year to May, when prices fell 8.2%.

It means prices have fallen by some 21% since the Dutch property market peaked in 2008. Meanwhile, the size of the market has continued to shrink, with just 45,201 house sales registered in the first six months of 2013, a decline of 22.8% against the same period in 2012.

The Statistics Netherlands figures contrast with those reported from Boston Consultancy Group, and cited by news agency ANP.

These suggest that the number of Dutch households with more than $1m, or €770,000 in assets rose 13% to 191,000 through 2012 – representing a total of some €396bn in assets.

Across the Netherlands it is estimated that there are 149 households with more than $100m in assets. The country ranks 12th globally according to the measure of dollar millionaires per capita, although some 60% of the assets are wrapped up in pension funds and life assurance policies, the data suggests.





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