Biggest house price increase since the summer of 2001

© Hollandse Hoogte / Robin Utrecht
In March 2021, owner-occupied dwellings (excluding new constructions) were on average 11.3 percent more expensive than in the same month last year, representing the largest increase since June 2001. The price rise moderated in 2019 but picked up again in 2020. 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)
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
2021January9.3
2021February10.4
2021March11.3
Source: CBS, Kadaster

House prices show upward trend

House prices reached a low in June 2013; they have followed an upward trend since then, reaching a new record level in March 2021.

Compared to the low in June 2013, house prices were up by 62 percent on average in March.

Price index of existing owner-occupied dwellings
YearMonth(2015=100) (2015=100)
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
2021January149.7
2021February151.4
2021March153.9
Source: CBS, Kadaster

More housing transactions in March

According to The Netherlands’ Cadastre, the total number of transactions recorded over the month of March 2021 stood at 25,240. This is 35.5 percent more than one year previously. In the first three months of this year, altogether 66,627 dwellings changed owners. This represents an increase of over 29 percent relative to the same period in 2020.

Number of sold existing owner-occupied dwellings
YearMonthChange (year-on-year % change)
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
2021January39.9
2021February9.4
2021March35.5
Source: CBS, Kadaster