House prices over 6 percent higher in October

21/11/2019 15:00

More recent figures are available on this topic. View the latest figures here.

Erratum: 18/12/2019 15:16

The total number of dwellings sold in the month of October 2019 has been adjusted upwards by 3 thousand. The price index of owner-occupied dwellings has been adjusted upwards by 0.2 point. As a result, the price change was revised from 6.1 to 6.3 percent year-on-year. This adjustment is the result of a system error in the source data that has now been rectified.

The original article can be found here.

In October 2019, prices of owner-occupied dwellings (excluding new constructions) were on average 6.3 percent higher than in the same month last year. The price increase was 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	Month	Change (year-on-year % change)
	December	3.2
2016	January	4.1
2016	February	3.8
2016	March	4.3
2016	April	4.2
2016	May	4.3
2016	June	4.6
2016	July	4.9
2016	August	6
2016	September	5.9
2016	October	5.6
2016	November	6
2016	December	6.7
2017	January	6.4
2017	February	6.7
2017	March	7.3
2017	April	7.4
2017	May	7.8
2017	June	8
2017	July	7.6
2017	August	7.8
2017	September	7.3
2017	October	8.2
2017	November	8.2
2017	December	8.2
2018	January	8.8
2018	February	9.5
2018	March	8.6
2018	April	8.8
2018	May	8.9
2018	June	8.9
2018	July	9
2018	August	9.3
2018	September	9.3
2018	October	9
2018	November	9.5
2018	December	8.4
2019	January	8.7
2019	February	7.5
2019	March	7.7
2019	April	7.7
2019	May	7.2
2019	June	6.9
2019	July	7
2019	August	5.7
2019	September	6.1
2019	October	6.3
Source: CBS, Kadaster

Price development of existing owner-occupied dwellings
Year	Month	Change (year-on-year % change)
	December	3.2
2016	January	4.1
2016	February	3.8
2016	March	4.3
2016	April	4.2
2016	May	4.3
2016	June	4.6
2016	July	4.9
2016	August	6
2016	September	5.9
2016	October	5.6
2016	November	6
2016	December	6.7
2017	January	6.4
2017	February	6.7
2017	March	7.3
2017	April	7.4
2017	May	7.8
2017	June	8
2017	July	7.6
2017	August	7.8
2017	September	7.3
2017	October	8.2
2017	November	8.2
2017	December	8.2
2018	January	8.8
2018	February	9.5
2018	March	8.6
2018	April	8.8
2018	May	8.9
2018	June	8.9
2018	July	9
2018	August	9.3
2018	September	9.3
2018	October	9
2018	November	9.5
2018	December	8.4
2019	January	8.7
2019	February	7.5
2019	March	7.7
2019	April	7.7
2019	May	7.2
2019	June	6.9
2019	July	7
2019	August	5.7
2019	September	6.1
2019	October	6.3
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 October 2019, house prices reached the highest level ever. Compared to the low in June 2013, house prices were up by over 41 percent on average in October 2019.

Price index of existing owner-occupied dwellings
Year	Month	(2015=100) (2015=100)
2015	November	101.5
2015	December	101.1
2016	January	102.4
2016	February	102.5
2016	March	103
2016	April	103.2
2016	May	103.7
2016	June	104.3
2016	July	105.5
2016	August	106.4
2016	September	107.2
2016	October	107
2016	November	107.5
2016	December	107.9
2017	January	108.9
2017	February	109.3
2017	March	110.5
2017	April	110.9
2017	May	111.7
2017	June	112.5
2017	July	113.5
2017	August	114.6
2017	September	115
2017	October	115.8
2017	November	116.4
2017	December	116.8
2018	January	118.6
2018	February	119.7
2018	March	120.1
2018	April	120.6
2018	May	121.7
2018	June	122.5
2018	July	123.7
2018	August	125.4
2018	September	125.7
2018	October	126.2
2018	November	127.4
2018	December	126.6
2019	January	128.8
2019	February	128.7
2019	March	129.2
2019	April	129.8
2019	May	130.4
2019	June	130.9
2019	July	132.4
2019	August	132.5
2019	September	133.4
2019	October	133.9
Source: CBS, Kadaster

Price index of existing owner-occupied dwellings
Year	Month	(2015=100) (2015=100)
2015	November	101.5
2015	December	101.1
2016	January	102.4
2016	February	102.5
2016	March	103
2016	April	103.2
2016	May	103.7
2016	June	104.3
2016	July	105.5
2016	August	106.4
2016	September	107.2
2016	October	107
2016	November	107.5
2016	December	107.9
2017	January	108.9
2017	February	109.3
2017	March	110.5
2017	April	110.9
2017	May	111.7
2017	June	112.5
2017	July	113.5
2017	August	114.6
2017	September	115
2017	October	115.8
2017	November	116.4
2017	December	116.8
2018	January	118.6
2018	February	119.7
2018	March	120.1
2018	April	120.6
2018	May	121.7
2018	June	122.5
2018	July	123.7
2018	August	125.4
2018	September	125.7
2018	October	126.2
2018	November	127.4
2018	December	126.6
2019	January	128.8
2019	February	128.7
2019	March	129.2
2019	April	129.8
2019	May	130.4
2019	June	130.9
2019	July	132.4
2019	August	132.5
2019	September	133.4
2019	October	133.9
Source: CBS, Kadaster

Number of housing transactions remains the same

According to figures by The Netherlands’ Cadastre, the total number of dwellings sold in the month of October 2019 stood at 18,804. This is the same number as in October 2018. In the first ten months of this year, 177,676 dwellings were sold, a decrease of almost 2 percent compared to the same period in 2018.

Sources

StatLine - House Price Index; existing own homes
StatLine - House Price Index by region
StatLine - House Price Index by type of dwelling

House prices show upward trend

Number of housing transactions remains the same

Sources

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