House price increase levelled off again in January

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© CBS / Alrik Swagerman
In January, owner-occupied dwellings (excluding new constructions) were on average 1.1 percent more expensive than in the same month of the previous year, down from 2.7 percent in December. It was the lowest year-on-year price increase in almost nine 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)
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
2022December2.7
2023January1.1
Source: CBS, Kadaster

House prices increased in January

Relative to December, the price index of owner-occupied dwellings increased by 1.5 percent in January. House prices reached a low in June 2013; they followed an upward trend until August 2022. After that, the price index declined for five months in a row until January. In January, house prices were on average 93 percent higher than during the low in June 2013. The average transaction price was 424 681 euros in January.

Price index of existing owner-occupied dwellings
YearMonth(2015=100) (2015=100)
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
2022December180.6
2023January183.3
Source: CBS, Kadaster

Fewer transactions in January

According to The Netherlands’ Cadastre, the total number of transactions recorded over the month of January stands at 13 126. This is 6.6 percent less than one year previously.

Number of sold existing owner-occupied dwellings
YearMonthChange (year-on-year % change)
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
2022December3.8
2023January-6.6
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.