House price increase 19.5 percent in March

© ANP
In March, owner-occupied dwellings (excluding new constructions) were on average 19.5 percent more expensive than in the same month last year. The price increase is again slightly smaller 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
YearMonthChange (year-on-year % change)
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
2021April11.5
2021May12.9
2021June14.6
2021July16.3
2021August17.8
2021September18.5
2021October18.3
2021November20.1
2021December20.4
2022January21.1
2022February20.2
2022March19.5
Source: CBS, Kadaster

Surging house prices

House prices reached a low in June 2013; they have followed an upward trend since then. In March 2022, house prices were on average 93.6 percent higher than during the low in June 2013.

Price index of existing owner-occupied dwellings
YearMonth(2015=100) (2015=100)
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
2021April155.3
2021May158.4
2021June161.4
2021July165.3
2021August168.9
2021September171.5
2021October173.2
2021November176.3
2021December175.8
2022January181.3
2022February182.1
2022March183.9
Source: CBS, Kadaster

Fewer transactions in March

According to The Netherlands’ Cadastre, the total number of transactions recorded over the month of March 2022 stands at 15,833. This is over 37 percent lower than one year previously. In the first quarter of this year, altogether 43,923 dwellings changed owners. This is over 34 percent less than in the same period in 2021.

Number of sold existing owner-occupied dwellings
YearMonthChange (year-on-year % change)
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
2021April0.5
2021May-12.1
2021June-0.1
2021July-15.6
2021August-9.3
2021September-14.7
2021October-26.9
2021November-13
2021December-21.6
2022January-42.7
2022February-16.8
2022March-37.3
Source: CBS, Kadaster