House prices up by over 4 percent in February

22/03/2024 15:00

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In February 2024, prices of existing owner-occupied dwellings were an average of 4.3 percent higher than one year previously. The monthly rise for February was 1.0 percent relative to January. This is clear from the price index for existing owner-occupied dwellings by Statistics Netherlands (CBS) and The Netherlands’ Cadastre, Land Registry and Mapping Agency (Kadaster).

Price development of existing owner-occupied dwellings
Year	Month	Change (year-on-year % change price index)
2020	March	7.3
2020	April	7.6
2020	May	7.9
2020	June	7.7
2020	July	7.6
2020	August	8.3
2020	September	8.7
2020	October	9.1
2020	November	8.9
2020	December	8.3
2021	January	9.3
2021	February	10.2
2021	March	11.1
2021	April	11.2
2021	May	12.8
2021	June	14.5
2021	July	16.1
2021	August	17.6
2021	September	18.3
2021	October	18.2
2021	November	20
2021	December	20.2
2022	January	20.9
2022	February	20
2022	March	19.4
2022	April	19.6
2022	May	18.4
2022	June	16.4
2022	July	14.2
2022	August	11.6
2022	September	9.1
2022	October	7.5
2022	November	4.5
2022	December	2.2
2023	January	0.7
2023	February	-1.2
2023	March	-2.6
2023	April	-4.7
2023	May	-5.8
2023	June	-5.7
2023	July	-5.5
2023	August	-4.7
2023	September	-3.4
2023	October	-2.1
2023	November	-0.6
2023	December	1.9
2024	January	1.8
2024	February	4.3
Source: CBS, Kadaster

Price development of existing owner-occupied dwellings
Year	Month	Change (year-on-year % change price index)
2020	March	7.3
2020	April	7.6
2020	May	7.9
2020	June	7.7
2020	July	7.6
2020	August	8.3
2020	September	8.7
2020	October	9.1
2020	November	8.9
2020	December	8.3
2021	January	9.3
2021	February	10.2
2021	March	11.1
2021	April	11.2
2021	May	12.8
2021	June	14.5
2021	July	16.1
2021	August	17.6
2021	September	18.3
2021	October	18.2
2021	November	20
2021	December	20.2
2022	January	20.9
2022	February	20
2022	March	19.4
2022	April	19.6
2022	May	18.4
2022	June	16.4
2022	July	14.2
2022	August	11.6
2022	September	9.1
2022	October	7.5
2022	November	4.5
2022	December	2.2
2023	January	0.7
2023	February	-1.2
2023	March	-2.6
2023	April	-4.7
2023	May	-5.8
2023	June	-5.7
2023	July	-5.5
2023	August	-4.7
2023	September	-3.4
2023	October	-2.1
2023	November	-0.6
2023	December	1.9
2024	January	1.8
2024	February	4.3
Source: CBS, Kadaster

House prices up by 1.0 percent on January

The price index for existing owner-occupied dwellings increased by 1.0 percent in February relative to January. House prices in the Netherlands reached a peak in July 2022, after which the trend reversed and the price index fell for a period. Since June 2023, however, prices of owner-occupied dwellings have been increasing again.

Price index of existing owner-occupied dwellings
Year	Month	(2020=100) (2020=100)
2020	March	97.5
2020	April	98.3
2020	May	99.1
2020	June	99.3
2020	July	100.3
2020	August	101.1
2020	September	102.1
2020	October	103
2020	November	103.3
2020	December	102.9
2021	January	105.4
2021	February	106.6
2021	March	108.3
2021	April	109.4
2021	May	111.7
2021	June	113.7
2021	July	116.4
2021	August	118.9
2021	September	120.7
2021	October	121.8
2021	November	124
2021	December	123.7
2022	January	127.4
2022	February	127.9
2022	March	129.3
2022	April	130.7
2022	May	132.3
2022	June	132.4
2022	July	132.9
2022	August	132.7
2022	September	131.7
2022	October	130.9
2022	November	129.6
2022	December	126.5
2023	January	128.2
2023	February	126.4
2023	March	125.9
2023	April	124.6
2023	May	124.6
2023	June	124.9
2023	July	125.6
2023	August	126.4
2023	September	127.2
2023	October	128.1
2023	November	128.7
2023	December	129
2024	January	130.5
2024	February	131.8
Source: CBS, Kadaster

Price index of existing owner-occupied dwellings
Year	Month	(2020=100) (2020=100)
2020	March	97.5
2020	April	98.3
2020	May	99.1
2020	June	99.3
2020	July	100.3
2020	August	101.1
2020	September	102.1
2020	October	103
2020	November	103.3
2020	December	102.9
2021	January	105.4
2021	February	106.6
2021	March	108.3
2021	April	109.4
2021	May	111.7
2021	June	113.7
2021	July	116.4
2021	August	118.9
2021	September	120.7
2021	October	121.8
2021	November	124
2021	December	123.7
2022	January	127.4
2022	February	127.9
2022	March	129.3
2022	April	130.7
2022	May	132.3
2022	June	132.4
2022	July	132.9
2022	August	132.7
2022	September	131.7
2022	October	130.9
2022	November	129.6
2022	December	126.5
2023	January	128.2
2023	February	126.4
2023	March	125.9
2023	April	124.6
2023	May	124.6
2023	June	124.9
2023	July	125.6
2023	August	126.4
2023	September	127.2
2023	October	128.1
2023	November	128.7
2023	December	129
2024	January	130.5
2024	February	131.8
Source: CBS, Kadaster

More homes bought and sold in February

According to The Netherlands’ Cadastre, the total number of homes bought and sold recorded during the month of February stood at 13,810. That is an increase of 16.5 percent relative to one year previously. In the first two months of this year, altogether 28,262 dwellings changed owners. This represents an increase of over 13 percent relative to one year previously.

In February, the average transaction price for an owner-occupied dwelling was 427,279 euros. However, it is not the transaction price but the price index that is used to determine price changes for existing owner-occupied dwellings. Unlike the price index, the average transaction price does not take into account differences in the quality of homes.

Number of sold existing owner-occupied dwellings
Year	Month	Change (year-on-year % change)
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
2023	June	5.9
2023	July	-9.1
2023	August	-2.9
2023	September	-8.7
2023	October	5.7
2023	November	0.7
2023	December	-8.3
2024	January	10.1
2024	February	16.5
Source: CBS, Kadaster

Number of sold existing owner-occupied dwellings
Year	Month	Change (year-on-year % change)
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
2023	June	5.9
2023	July	-9.1
2023	August	-2.9
2023	September	-8.7
2023	October	5.7
2023	November	0.7
2023	December	-8.3
2024	January	10.1
2024	February	16.5
Source: CBS, Kadaster

With effect from the reporting month of January 2024, the base year for the price index for existing owner-occupied dwellings has changed from 2015 to 2020. Furthermore, the weightings for the sub-series have been adjusted following a methodological change imposed by Europe. Other minor adjustments have also been made to the data. The old series (base year = 2015) can still be accessed in StatLine, but will no longer be updated.

Sources

StatLine - House Price Index; existing own homes

House prices up by 1.0 percent on January

More homes bought and sold in February

Sources

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