House prices 7.7 percent higher in March

In March 2019, prices of owner-occupied dwellings (excluding new constructions) were on average 7.7 percent higher than in the same month last year. The price increase was somewhat higher than in the previous month. This is evident from price monitoring of existing owner-occupied dwellings by Statistics Netherlands (CBS) and The Netherlands’ Cadastre, Land Registry and Mapping Agency.

Price development of existing owner-occupied dwellings (year-on-year % change)
YearMonthChange
2015April2.3
May2.6
June2.6
July2.7
August2.5
September3.5
October3.4
November3.8
December3.2
2016January4.1
February3.8
March4.3
April4.2
May4.3
June4.6
July4.9
August6.0
September5.9
October5.6
November6.0
December6.7
2017January6.4
February6.7
March7.3
April7.4
May7.8
June8.0
July7.6
August7.8
September7.3
October8.2
November8.2
December8.2
2018January8.8
February9.5
March8.6
April8.8
May8.9
June8.9
July9.0
August9.3
September9.3
October9.0
November9.5
December8.4
2019January8.7
February7.5
March7.7
Source: CBS, Kadaster

House prices show upward trend

House prices reached a record high in August 2008 and subsequently started to decline, reaching a low in June 2013. The trend has been upward since then. In May 2018, the price index of owner-occupied dwellings exceeded the record level of August 2008 for the first time. In March 2019, house prices reached the highest level ever.

Compared to the low in June 2013, house prices were up by 36.1 percent on average in March 2019.

Price index of existing owner-occupied dwellings (2015=100)
YearMonth(2015=100)
2015April99.1
May99.4
June99.6
July100.5
August100.4
September101.2
October101.4
November101.5
December101.1
2016January102.4
February102.5
March103.0
April103.2
May103.7
June104.3
July105.5
August106.4
September107.2
October107.0
November107.5
December107.9
2017January108.9
February109.3
March110.5
April110.9
May111.7
June112.5
July113.5
August114.6
September115.0
October115.8
November116.4
December116.8
2018January118.6
February119.7
March120.1
April120.6
May121.7
June122.5
July123.7
August125.4
September125.7
October126.2
November127.4
December126.6
2019January128.8
February128.7
March129.2
Source: CBS, Kadaster

Number of housing transactions down

According to figures by The Netherlands’ Cadastre, the total number of dwellings sold in the month of March 2019 stood at 16,836. In first three months of this year, 47,431 dwellings were sold, a decrease of 9 percent compared to the same period in 2018.

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