House prices almost 6 percent lower in May

22/06/2023 15:00

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In May, owner-occupied dwellings (excluding new constructions) were on average 5.6 percent cheaper than in May 2022. The decline is again larger than a month earlier. In April, the year-on-year decline was 4.4 percent. 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
Year	Month	Change (year-on-year % change)
2019	June	6.9
2019	July	7
2019	August	5.7
2019	September	6.1
2019	October	6.3
2019	November	5.8
2019	December	6.5
2020	January	6.3
2020	February	6.6
2020	March	7
2020	April	7.3
2020	May	7.7
2020	June	7.6
2020	July	7.4
2020	August	8.2
2020	September	8.6
2020	October	9.1
2020	November	8.9
2020	December	8.3
2021	January	9.3
2021	February	10.4
2021	March	11.3
2021	April	11.5
2021	May	12.9
2021	June	14.6
2021	July	16.3
2021	August	17.8
2021	September	18.5
2021	October	18.3
2021	November	20.1
2021	December	20.4
2022	January	21.1
2022	February	20.2
2022	March	19.5
2022	April	19.7
2022	May	18.8
2022	June	16.6
2022	July	14.5
2022	August	11.9
2022	September	9.4
2022	October	7.8
2022	November	4.9
2022	December	2.7
2023	January	1.1
2023	February	-0.8
2023	March	-2.3
2023	April	-4.4
2023	May	-5.6
Source: CBS, Kadaster

Price development of existing owner-occupied dwellings
Year	Month	Change (year-on-year % change)
2019	June	6.9
2019	July	7
2019	August	5.7
2019	September	6.1
2019	October	6.3
2019	November	5.8
2019	December	6.5
2020	January	6.3
2020	February	6.6
2020	March	7
2020	April	7.3
2020	May	7.7
2020	June	7.6
2020	July	7.4
2020	August	8.2
2020	September	8.6
2020	October	9.1
2020	November	8.9
2020	December	8.3
2021	January	9.3
2021	February	10.4
2021	March	11.3
2021	April	11.5
2021	May	12.9
2021	June	14.6
2021	July	16.3
2021	August	17.8
2021	September	18.5
2021	October	18.3
2021	November	20.1
2021	December	20.4
2022	January	21.1
2022	February	20.2
2022	March	19.5
2022	April	19.7
2022	May	18.8
2022	June	16.6
2022	July	14.5
2022	August	11.9
2022	September	9.4
2022	October	7.8
2022	November	4.9
2022	December	2.7
2023	January	1.1
2023	February	-0.8
2023	March	-2.3
2023	April	-4.4
2023	May	-5.6
Source: CBS, Kadaster

House prices virtually the same in May as in April

Relative to April, the price index of existing owner-occupied dwellings decreased by 0.1 percent in May. House prices reached a low in June 2013; they subsequently followed an upward trend until August 2022. Since then, the price index has fallen almost continuously. In May, house prices were 87 percent higher than during the low in June 2013. The average transaction price in May was 403,913 euros.

Price index of existing owner-occupied dwellings
Year	Month	(2015=100) (2015=100)
2019	June	130.9
2019	July	132.4
2019	August	132.5
2019	September	133.4
2019	October	134.1
2019	November	134.8
2019	December	134.8
2020	January	136.9
2020	February	137.2
2020	March	138.3
2020	April	139.3
2020	May	140.4
2020	June	140.9
2020	July	142.2
2020	August	143.4
2020	September	144.8
2020	October	146.3
2020	November	146.8
2020	December	146.1
2021	January	149.7
2021	February	151.4
2021	March	153.9
2021	April	155.3
2021	May	158.4
2021	June	161.4
2021	July	165.3
2021	August	168.9
2021	September	171.5
2021	October	173.2
2021	November	176.3
2021	December	175.8
2022	January	181.3
2022	February	182.1
2022	March	183.9
2022	April	185.9
2022	May	188.2
2022	June	188.3
2022	July	189.2
2022	August	189
2022	September	187.6
2022	October	186.7
2022	November	184.9
2022	December	180.6
2023	January	183.3
2023	February	180.6
2023	March	179.6
2023	April	177.7
2023	May	177.6
Source: CBS, Kadaster

Price index of existing owner-occupied dwellings
Year	Month	(2015=100) (2015=100)
2019	June	130.9
2019	July	132.4
2019	August	132.5
2019	September	133.4
2019	October	134.1
2019	November	134.8
2019	December	134.8
2020	January	136.9
2020	February	137.2
2020	March	138.3
2020	April	139.3
2020	May	140.4
2020	June	140.9
2020	July	142.2
2020	August	143.4
2020	September	144.8
2020	October	146.3
2020	November	146.8
2020	December	146.1
2021	January	149.7
2021	February	151.4
2021	March	153.9
2021	April	155.3
2021	May	158.4
2021	June	161.4
2021	July	165.3
2021	August	168.9
2021	September	171.5
2021	October	173.2
2021	November	176.3
2021	December	175.8
2022	January	181.3
2022	February	182.1
2022	March	183.9
2022	April	185.9
2022	May	188.2
2022	June	188.3
2022	July	189.2
2022	August	189
2022	September	187.6
2022	October	186.7
2022	November	184.9
2022	December	180.6
2023	January	183.3
2023	February	180.6
2023	March	179.6
2023	April	177.7
2023	May	177.6
Source: CBS, Kadaster

Fewer transactions in May

According to The Netherlands’ Cadastre, the total number of transactions recorded over the month of May stands at 15,099. This is over 4 percent less than one year previously. In the first five months of this year, altogether 68,352 dwellings changed owners. This represents a decrease of almost 10 percent relative to the same period in 2022.

Number of sold existing owner-occupied dwellings
Year	Month	Change (year-on-year % change)
2019	June	-15.9
2019	July	7.5
2019	August	-6.3
2019	September	11.3
2019	October	0
2019	November	0.3
2019	December	16.2
2020	January	15.9
2020	February	-0.3
2020	March	10.6
2020	April	9
2020	May	-6.9
2020	June	14.4
2020	July	7.3
2020	August	-2.8
2020	September	12.5
2020	October	17.8
2020	November	0.6
2020	December	16.1
2021	January	39.9
2021	February	9.4
2021	March	35.5
2021	April	0.5
2021	May	-12.1
2021	June	-0.1
2021	July	-15.6
2021	August	-9.3
2021	September	-14.7
2021	October	-26.9
2021	November	-13
2021	December	-21.6
2022	January	-42.7
2022	February	-16.8
2022	March	-37.3
2022	April	-15.7
2022	May	-2.3
2022	June	-11.6
2022	July	-13.8
2022	August	-4.9
2022	September	0.3
2022	October	-8.2
2022	November	-5.6
2022	December	3.8
2023	January	-6.6
2023	February	-15.5
2023	March	-2.4
2023	April	-19.8
2023	May	-4.1
Source: CBS, Kadaster

Number of sold existing owner-occupied dwellings
Year	Month	Change (year-on-year % change)
2019	June	-15.9
2019	July	7.5
2019	August	-6.3
2019	September	11.3
2019	October	0
2019	November	0.3
2019	December	16.2
2020	January	15.9
2020	February	-0.3
2020	March	10.6
2020	April	9
2020	May	-6.9
2020	June	14.4
2020	July	7.3
2020	August	-2.8
2020	September	12.5
2020	October	17.8
2020	November	0.6
2020	December	16.1
2021	January	39.9
2021	February	9.4
2021	March	35.5
2021	April	0.5
2021	May	-12.1
2021	June	-0.1
2021	July	-15.6
2021	August	-9.3
2021	September	-14.7
2021	October	-26.9
2021	November	-13
2021	December	-21.6
2022	January	-42.7
2022	February	-16.8
2022	March	-37.3
2022	April	-15.7
2022	May	-2.3
2022	June	-11.6
2022	July	-13.8
2022	August	-4.9
2022	September	0.3
2022	October	-8.2
2022	November	-5.6
2022	December	3.8
2023	January	-6.6
2023	February	-15.5
2023	March	-2.4
2023	April	-19.8
2023	May	-4.1
Source: CBS, Kadaster

Sources

StatLIne - House Price Index; existing own homes
StatLine - House Price Index by region
StatLine - House Price Index by type of dwelling

House prices virtually the same in May as in April

Fewer transactions in May

Sources

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