House prices over 20 percent higher in November

22/12/2021 15:00

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In November, owner-occupied dwellings (excluding new constructions) were on average 20.1 percent more expensive than in the same month last year. This equals the largest price increase since the start of this statistic in 1995. In February 2000, the price increase was also 20.1 percent. At the time, the average transaction price was almost 160 thousand euros. In November, this was slightly over 400 thousand euros. 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	Month	Change (year-on-year % change)
	December	8.2
2018	January	8.8
2018	February	9.5
2018	March	8.6
2018	April	8.8
2018	May	8.9
2018	June	8.9
2018	July	9
2018	August	9.3
2018	September	9.3
2018	October	9
2018	November	9.5
2018	December	8.4
2019	January	8.7
2019	February	7.5
2019	March	7.7
2019	April	7.7
2019	May	7.2
2019	June	6.9
2019	July	7
2019	August	5.7
2019	September	6.1
2019	October	6.3
2019	November	5.8
2019	December	6.5
2020	January	6.3
2020	February	6.6
2020	March	7
2020	April	7.3
2020	May	7.7
2020	June	7.6
2020	July	7.4
2020	August	8.2
2020	September	8.6
2020	October	9.1
2020	November	8.9
2020	December	8.3
2021	January	9.3
2021	February	10.4
2021	March	11.3
2021	April	11.5
2021	May	12.9
2021	June	14.6
2021	July	16.3
2021	August	17.8
2021	September	18.5
2021	October	18.3
2021	November	20.1
Source: CBS, Kadaster

Price development of existing owner-occupied dwellings
Year	Month	Change (year-on-year % change)
	December	8.2
2018	January	8.8
2018	February	9.5
2018	March	8.6
2018	April	8.8
2018	May	8.9
2018	June	8.9
2018	July	9
2018	August	9.3
2018	September	9.3
2018	October	9
2018	November	9.5
2018	December	8.4
2019	January	8.7
2019	February	7.5
2019	March	7.7
2019	April	7.7
2019	May	7.2
2019	June	6.9
2019	July	7
2019	August	5.7
2019	September	6.1
2019	October	6.3
2019	November	5.8
2019	December	6.5
2020	January	6.3
2020	February	6.6
2020	March	7
2020	April	7.3
2020	May	7.7
2020	June	7.6
2020	July	7.4
2020	August	8.2
2020	September	8.6
2020	October	9.1
2020	November	8.9
2020	December	8.3
2021	January	9.3
2021	February	10.4
2021	March	11.3
2021	April	11.5
2021	May	12.9
2021	June	14.6
2021	July	16.3
2021	August	17.8
2021	September	18.5
2021	October	18.3
2021	November	20.1
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 November 2021. Compared to the low in July 2013, house prices were almost 86 percent higher on average in November.

Price index of existing owner-occupied dwellings
Year	Month	(2015=100) (2015=100)
	December	116.8
2018	January	118.6
2018	February	119.7
2018	March	120.1
2018	April	120.6
2018	May	121.7
2018	June	122.5
2018	July	123.7
2018	August	125.4
2018	September	125.7
2018	October	126.2
2018	November	127.4
2018	December	126.6
2019	January	128.8
2019	February	128.7
2019	March	129.2
2019	April	129.8
2019	May	130.4
2019	June	130.9
2019	July	132.4
2019	August	132.5
2019	September	133.4
2019	October	134.1
2019	November	134.8
2019	December	134.8
2020	January	136.9
2020	February	137.2
2020	March	138.3
2020	April	139.3
2020	May	140.4
2020	June	140.9
2020	July	142.2
2020	August	143.4
2020	September	144.8
2020	October	146.3
2020	November	146.8
2020	December	146.1
2021	January	149.7
2021	February	151.4
2021	March	153.9
2021	April	155.3
2021	May	158.4
2021	June	161.4
2021	July	165.3
2021	August	168.9
2021	September	171.5
2021	October	173.2
2021	November	176.3
Source: CBS, Kadaster

Price index of existing owner-occupied dwellings
Year	Month	(2015=100) (2015=100)
	December	116.8
2018	January	118.6
2018	February	119.7
2018	March	120.1
2018	April	120.6
2018	May	121.7
2018	June	122.5
2018	July	123.7
2018	August	125.4
2018	September	125.7
2018	October	126.2
2018	November	127.4
2018	December	126.6
2019	January	128.8
2019	February	128.7
2019	March	129.2
2019	April	129.8
2019	May	130.4
2019	June	130.9
2019	July	132.4
2019	August	132.5
2019	September	133.4
2019	October	134.1
2019	November	134.8
2019	December	134.8
2020	January	136.9
2020	February	137.2
2020	March	138.3
2020	April	139.3
2020	May	140.4
2020	June	140.9
2020	July	142.2
2020	August	143.4
2020	September	144.8
2020	October	146.3
2020	November	146.8
2020	December	146.1
2021	January	149.7
2021	February	151.4
2021	March	153.9
2021	April	155.3
2021	May	158.4
2021	June	161.4
2021	July	165.3
2021	August	168.9
2021	September	171.5
2021	October	173.2
2021	November	176.3
Source: CBS, Kadaster

Fewer housing transactions in November

According to The Netherlands’ Cadastre, the total number of transactions recorded over the month of November 2021 stood at 16,048. This is 13 percent lower than one year previously. In the first eleven months of this year, altogether 205,528 dwellings changed owners, representing a decrease of almost 2 percent relative to the same period in 2020.

Number of sold existing owner-occupied dwellings
Year	Month	Change (year-on-year % change)
	December	4.4
2018	January	-3.1
2018	February	-9.1
2018	March	-7.7
2018	April	-2.6
2018	May	-8.8
2018	June	-15
2018	July	-2
2018	August	0.5
2018	September	-20.3
2018	October	-6.6
2018	November	-6.9
2018	December	-26.4
2019	January	-5.7
2019	February	-3.9
2019	March	-15.7
2019	April	6.4
2019	May	8.1
2019	June	-15.9
2019	July	7.5
2019	August	-6.3
2019	September	11.3
2019	October	0
2019	November	0.3
2019	December	16.2
2020	January	15.9
2020	February	-0.3
2020	March	10.6
2020	April	9
2020	May	-6.9
2020	June	14.4
2020	July	7.3
2020	August	-2.8
2020	September	12.5
2020	October	17.8
2020	November	0.6
2020	December	16.1
2021	January	39.9
2021	February	9.4
2021	March	35.5
2021	April	0.5
2021	May	-12.1
2021	June	-0.1
2021	July	-15.6
2021	August	-9.3
2021	September	-14.7
2021	October	-26.9
2021	November	-13
Source: CBS, Kadaster

Number of sold existing owner-occupied dwellings
Year	Month	Change (year-on-year % change)
	December	4.4
2018	January	-3.1
2018	February	-9.1
2018	March	-7.7
2018	April	-2.6
2018	May	-8.8
2018	June	-15
2018	July	-2
2018	August	0.5
2018	September	-20.3
2018	October	-6.6
2018	November	-6.9
2018	December	-26.4
2019	January	-5.7
2019	February	-3.9
2019	March	-15.7
2019	April	6.4
2019	May	8.1
2019	June	-15.9
2019	July	7.5
2019	August	-6.3
2019	September	11.3
2019	October	0
2019	November	0.3
2019	December	16.2
2020	January	15.9
2020	February	-0.3
2020	March	10.6
2020	April	9
2020	May	-6.9
2020	June	14.4
2020	July	7.3
2020	August	-2.8
2020	September	12.5
2020	October	17.8
2020	November	0.6
2020	December	16.1
2021	January	39.9
2021	February	9.4
2021	March	35.5
2021	April	0.5
2021	May	-12.1
2021	June	-0.1
2021	July	-15.6
2021	August	-9.3
2021	September	-14.7
2021	October	-26.9
2021	November	-13
Source: CBS, Kadaster

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

Fewer housing transactions in November

Sources

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