House prices 7.2 percent higher in May

In May 2019, prices of owner-occupied dwellings (excluding new constructions) were on average 7.2 percent higher than in the same month last year. The price increase was smaller than in the previous months. 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
2015June2.6
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
September5.9
October5.6
November6
December6.7
2017January6.4
February6.7
March7.3
April7.4
May7.8
June8
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
August9.3
September9.3
October9
November9.5
December8.4
2019January8.7
February7.5
March7.7
April7.7
May7.2
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 May 2019, house prices reached the highest level ever. Compared to the low in June 2013, house prices were up by over 37 percent on average in May 2019.

Price index of existing owner-occupied dwellings (2015=100)
YearMonth(2015=100)
2015June99.6
July100.5
August100.4
September101.2
October101.4
November101.5
December101.1
2016January102.4
February102.5
March103
April103.2
May103.7
June104.3
July105.5
August106.4
September107.2
October107
November107.5
December107.9
2017January108.9
February109.3
March110.5
April110.9
May111.7
June112.5
July113.5
August114.6
September115
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
April129.8
May130.4
Source: CBS, Kadaster

Number of housing transactions up in April

According to figures by The Netherlands’ Cadastre, the total number of dwellings sold in the month of May 2019 stood at 19,708, over 8 percent more than in May 2018. In the first five months of this year, 84,442 dwellings were sold, a decrease of 2.5 percent compared to the same period in 2018.

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