House prices over 9 percent higher in January

© Hollandse Hoogte / Robin Utrecht
In January 2021, prices of owner-occupied dwellings (excluding new constructions) were on average 9.3 percent higher than in the same month last year. In 2019, the price increase slowed down, but in 2020 it accelerated again. 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)
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
2020August8.2
2020September8.6
2020October9.1
2020November8.9
2020December8.3
'21January9.3
Source: CBS, Kadaster

House prices show upward trend

House prices reached a low in June 2013. The trend has been upward since then and the index reached a new record high in January 2021. Compared to the low in June 2013, house prices in January were up by almost 58 percent on average.

Price index of existing owner-occupied dwellings
YearMonth(2015=100) (2015=100)
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
2020August143.4
2020September144.8
2020October146.3
2020November146.8
2020December146.1
'21January149.7
Source: CBS, Kadaster

More housing transactions in January

According to The Netherlands’ Cadastre, the total number of transactions recorded over the month of January 2021 stood at 24,516. This is almost 40 percent higher than one year previously and also the largest percentage increase since January 2015. Never before did The Netherlands’ Cadastre record this many transactions in the month of January. On 1 January 2021, property transfer tax was abolished for starting buyers under the age of 35 and increased to 8 percent for people purchasing additional dwellings. These measures may have affected the number of transactions in December and January.

Number of sold existing owner-occupied dwellings
YearMonthChange (year-on-year % change)
2017February19.1
2017March34.3
2017April1.9
2017May24.4
2017June21.4
2017July1.3
2017August4
2017September-1.8
2017October16.2
2017November7.6
2017December4.4
2018January-3.1
2018February-9.1
2018March-7.7
2018April-2.6
2018May-8.8
2018June-15
2018July-2
2018August0.5
2018September-20.3
2018October-6.6
2018November-6.9
2018December-26.4
2019January-5.7
2019February-3.9
2019March-15.7
2019April6.4
2019May8.1
2019June-15.9
2019July7.5
2019August-6.3
2019September11.3
2019October0
2019November0.3
2019December16.2
2020January15.9
2020February-0.3
2020March10.6
2020April9
2020May-6.9
2020June14.4
2020July7.3
2020August-2.8
2020September12.5
2020October17.8
2020November0.6
2020December16.1
'21January39.9
Source: CBS, Kadaster