Property in Rotterdam more expensive than in peak year 2008

In Rotterdam property has become more expensive for the first time then before the credit crisis in 2008 according the CBS, a research institute. Prices of apartments & houses in Rotterdam reached a peak in the third quarter of 2008. After this peak, prices fell by nearly 16 percent to a low point in the second quarter of 2013. More than three years after this, prices are 2 percent above the level in 2008. This also underlines the growth and the popularity of Rotterdam. Of the 4 biggest cities in the Netherlands, only the Hague is below the peak in 2008.

House prices in Rotterdam higher than peakyear 2008
House prices in Rotterdam higher than peakyear 2008 Source: CBS

As can be seen from the figure above, house prices both in the Netherlands (light blue line) and Rotterdam (dark blue line) peak in 2008. After that, a five year decline period followed. After the house prices dipping in the last quarter of 2013, the prices started to increase further with a steep increase in 2016. Especially the house prices in Rotterdam source in 2016. The increase was seen in all districts in Rotterdam.

Source: CBS, Land Registry