House prices 6.3 percent higher in January

21/02/2020 15:00

In January 2020, 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 somewhat lower 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)
Year	Month	Change
2016	February	3.8
	March	4.3
	April	4.2
	May	4.3
	June	4.6
	July	4.9
	August	6
	September	5.9
	October	5.6
	November	6
	December	6.7
2017	January	6.4
	February	6.7
	March	7.3
	April	7.4
	May	7.8
	June	8
	July	7.6
	August	7.8
	September	7.3
	October	8.2
	November	8.2
	December	8.2
2018	January	8.8
	February	9.5
	March	8.6
	April	8.8
	May	8.9
	June	8.9
	July	9
	August	9.3
	September	9.3
	October	9
	November	9.5
	December	8.4
2019	January	8.7
	February	7.5
	March	7.7
	April	7.7
	May	7.2
	June	6.9
	July	7.0
	August	5.7
	September	6.1
	October	6.3
	November	5.8
	December	6.5
2020	January	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 January 2020 house prices reached the highest level ever. Compared to the low in June 2013, house prices were up by over 44 percent on average in that month.

Price index of existing owner-occupied dwellings (2015=100)
Year	Month	(2015=100)
2016	February	102.5
	March	103
	April	103.2
	May	103.7
	June	104.3
	July	105.5
	August	106.4
	September	107.2
	October	107
	November	107.5
	December	107.9
2017	January	108.9
	February	109.3
	March	110.5
	April	110.9
	May	111.7
	June	112.5
	July	113.5
	August	114.6
	September	115
	October	115.8
	November	116.4
	December	116.8
2018	January	118.6
	February	119.7
	March	120.1
	April	120.6
	May	121.7
	June	122.5
	July	123.7
	August	125.4
	September	125.7
	October	126.2
	November	127.4
	December	126.6
2019	January	128.8
	February	128.7
	March	129.2
	April	129.8
	May	130.4
	June	130.9
	July	132.4
	August	132.5
	September	133.4
	October	134.1
	November	134.8
	December	134.8
2020	January	136.9
Source: CBS, Kadaster

Number of housing transactions up in January

According to figures by The Netherlands’ Cadastre, the total number of dwellings sold in the month of January 2020 stood at 17,525. This is almost 16 percent more than in January 2019.

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 up in January

Sources

Related items