House price increase levelled off further in November

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In November, owner-occupied dwellings (excluding new constructions) were on average 4.9 percent more expensive than in the same month last year. It is the lowest year-on-year price increase in more than six years. 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)
December8.4
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
2022April19.7
2022May18.8
2022June16.6
2022July14.5
2022August11.9
2022September9.4
2022October7.8
2022November4.9
Source: CBS, Kadaster

House prices fell in November

Relative to October, the price index of owner-occupied dwellings fell by 1.0 percent in November. House prices reached a low in June 2013; they followed an upward trend until August 2022. Since then, the price index has declined for four months in a row. In November, house prices were on average almost 95 percent higher than during the low in June 2013. The average transaction price was 423,124 euros in November.

Price index of existing owner-occupied dwellings
YearMonth(2015=100) (2015=100)
December126.6
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
2022April185.9
2022May188.2
2022June188.3
2022July189.2
2022August189
2022September187.6
2022October186.7
2022November184.9
Source: CBS, Kadaster

Fewer transactions in November

According to The Netherlands’ Cadastre, the total number of transactions recorded over the month of November 2022 stands at 15,146. This is almost 6 percent lower than one year previously. In the first eleven months of this year, altogether 171,767 dwellings changed owners. This is over 16 percent less than in the same period in 2021.

Number of sold existing owner-occupied dwellings
YearMonthChange (year-on-year % change)
December-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
2022April-15.7
2022May-2.3
2022June-11.6
2022July-13.8
2022August-4.9
2022September0.3
2022October-8.2
2022November-5.6
Source: CBS, Kadaster

The average transaction price shows the average value paid in the period under review for dwellings sold to a private person and intended for permanent residence by a private person. These figures do not show the price development of existing owner-occupied dwellings. For that purpose, you can use the price index of existing owner-occupied dwellings.