House prices 7.4 percent higher in July

In July 2020, prices of owner-occupied dwellings (excluding new constructions) were on average 7.4 percent higher than in the same month last year. The price increase has fluctuated around 7.5 percent over the past four 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
YearMonthChange (year-on-year % change)
2016August6
2016September5.9
2016October5.6
2016November6
2016December6.7
2017January6.4
2017February6.7
2017March7.3
2017April7.4
2017May7.8
2017June8
2017July7.6
2017August7.8
2017September7.3
2017October8.2
2017November8.2
2017December8.2
2018January8.8
2018February9.5
2018March8.6
2018April8.8
2018May8.9
2018June8.9
2018July9
2018August9.3
2018September9.3
2018October9
2018November9.5
2018December8.4
2019January8.7
2019February7.5
2019March7.7
2019April7.7
2019May7.2
2019June6.9
2019July7
2019August5.7
2019September6.1
2019October6.3
2019November5.8
2019December6.5
2020January6.3
2020February6.6
2020March7
2020April7.3
2020May7.7
2020June7.6
2020July7.4
Source: CBS, Kadaster

House prices show upward trend

House prices peaked 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. The index reached a new record high in July 2020; compared to the low in June 2013, house prices were up by 49.7 percent on average. 

Price index of existing owner-occupied dwellings
YearMonth(2015=100) (2015=100)
2016August106.4
2016September107.2
2016October107
2016November107.5
2016December107.9
2017January108.9
2017February109.3
2017March110.5
2017April110.9
2017May111.7
2017June112.5
2017July113.5
2017August114.6
2017September115
2017October115.8
2017November116.4
2017December116.8
2018January118.6
2018February119.7
2018March120.1
2018April120.6
2018May121.7
2018June122.5
2018July123.7
2018August125.4
2018September125.7
2018October126.2
2018November127.4
2018December126.6
2019January128.8
2019February128.7
2019March129.2
2019April129.8
2019May130.4
2019June130.9
2019July132.4
2019August132.5
2019September133.4
2019October134.1
2019November134.8
2019December134.8
2020January136.9
2020February137.2
2020March138.3
2020April139.3
2020May140.4
2020June140.9
2020July142.2
Source: CBS, Kadaster

Number of housing transactions up in July

According to The Netherlands’ Cadastre, the total number of transactions recorded over the month of July stood at 22,571. This is over 7 percent higher than in July 2019. Over the first seven months of this year, a total of 129,073 dwellings were sold. This represents an increase of almost 7 percent relative to the same period in 2019.

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