House prices 6.3 percent higher in January

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)
YearMonthChange
2016February3.8
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
June6.9
July7.0
August5.7
September6.1
October6.3
November5.8
December6.5
2020January6.3
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)
YearMonth(2015=100)
2016February102.5
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
June130.9
July132.4
August132.5
September133.4
October134.1
November134.8
December134.8
2020January136.9
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.

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