House price decrease in February

© ANP
In February, prices of owner-occupied dwellings were lower year on year for the first time since April 2014. Owner-occupied dwellings (excluding new constructions) were on average 0.8 percent cheaper than in February 2022. 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)
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
2023February-0.8
Source: CBS, Kadaster

Lower house price index

Relative to January, the price index of owner-occupied dwellings decreased by 1.5 percent in January. House prices reached a low in June 2013; they followed an upward trend until August 2022. Since then, the price index has fallen almost continuously. In February, house prices were on average over 90 percent higher than during the low in June 2013. The average transaction price in February was 410 189 euros.

Price index of existing owner-occupied dwellings
YearMonth(2015=100) (2015=100)
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
2023February180.6
Source: CBS, Kadaster

Fewer transactions

According to The Netherlands’ Cadastre, the total number of transactions recorded over the month of February stands at 11 858. This is 15.5 percent less than one year previously. In the first two months of this year, altogether 24 984 dwellings changed owners. This represents a decrease of over 11 percent relative to the same period in 2022.

Number of sold existing owner-occupied dwellings
YearMonthChange (year-on-year % change)
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
2023February-15.5
Source: CBS, Kadaster