Dutch house price increase among EU top five

Street with new-build dwellings
© CBS
In Q2 2022, house prices were 18.2 percent up on the same quarter last year. As a result, the Netherlands is still ranked among the top five countries with the largest house price increase in the European Union. This is evident from new figures released by Statistics Netherlands (CBS), the Netherlands’ Cadastre, Land Registry and Mapping Agency (Kadaster) and Eurostat.

The house price index includes transaction prices of both new and existing owner-occupied dwellings. On average, house prices in the European Union rose by nearly 10 percent in Q2 2022. The Netherlands saw the sharpest increase in house prices, after Estonia (+27 percent), Czechia (+23 percent), Hungary (+23 percent) and Lithuania (+22 percent).

Prices of new dwellings up by 16.9 percent

In Q2 2022, the transaction price of a newly-built home was on average 16.9 percent higher than in the same quarter of the previous year. This also marked the first time that the average transaction price of new-build dwellings exceeded half a million euros.

The price of an existing owner-occupied dwelling was 18.4 percent higher, on average. This increase was less substantial than in Q1 2022, when it hit a record 20.3 percent.

Fewer housing transactions in Q2

In Q2 2022, more than 47 thousand existing owner-occupied dwellings were sold. This is a 10.2-percent decrease relative to the same quarter last year but a 7.9-percent increase on Q1 2022.

With nearly 8 thousand transactions, the number of sold new-build homes fell by 13.8 percent year on year. In total, there were altogether 10.7 percent fewer transactions in the second quarter. This is the fifth consecutive quarter with a year-on-year decrease in the number of transactions.

The figures on new-build dwellings presented in this news release are provisional and subject to revision.

Sources

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