More new-build dwellings sold in Q4 2023

09/04/2024 15:00

In Q4 2023, the number of newly built dwellings increased to 6.1 thousand; 15 percent more than one year previously. Despite this increase, the total number of new-build dwellings sold in 2023 is the lowest in the past five years at 16.6 thousand. Prices of new-build dwellings increased by almost 3 percent year on year. This is evident from new figures released by Statistics Netherlands (CBS), the Netherlands’ Cadastre, Land Registry and Mapping Agency (Kadaster) and Eurostat.

Sold dwellings
Jaar	Kwartaal	Newly built owner-occupied dwellings (% year-on-year change)	Existing owner-occupied dwellings (% year-on-year change)
2018	Q1	-9.4	-6.8
2018	Q2	-6.2	-9.3
2018	Q3	-8.5	-7.3
2018	Q4	-13.8	-14.6
2019	Q1	-6.6	-9.0
2019	Q2	-10.8	-0.8
2019	Q3	-5.5	3.5
2019	Q4	-20.3	5.6
2020	Q1	13.2	8.7
2020	Q2	26.7	4.6
2020	Q3	22.2	5.6
2020	Q4	53.5	11.9
2021	Q1	4.7	29.2
2021	Q2	9.5	-3.9
2021	Q3	11.5	-13.4
2021	Q4	-0.8	-21.0
2022	Q1	0.9	-34.1
2022	Q2	-13.9	-10.2
2022	Q3	-32.9	-6.4
2022	Q4	-49.9	-2.8
2023	Q1	-52.0	-7.9
2023	Q2	-55.9	-6.1
2023	Q3	-27.8	-6.9
2023	Q4	15.4	-1.6
2023
Source: CBS, Kadaster

Sold dwellings
Jaar	Kwartaal	Newly built owner-occupied dwellings (% year-on-year change)	Existing owner-occupied dwellings (% year-on-year change)
2018	Q1	-9.4	-6.8
2018	Q2	-6.2	-9.3
2018	Q3	-8.5	-7.3
2018	Q4	-13.8	-14.6
2019	Q1	-6.6	-9.0
2019	Q2	-10.8	-0.8
2019	Q3	-5.5	3.5
2019	Q4	-20.3	5.6
2020	Q1	13.2	8.7
2020	Q2	26.7	4.6
2020	Q3	22.2	5.6
2020	Q4	53.5	11.9
2021	Q1	4.7	29.2
2021	Q2	9.5	-3.9
2021	Q3	11.5	-13.4
2021	Q4	-0.8	-21.0
2022	Q1	0.9	-34.1
2022	Q2	-13.9	-10.2
2022	Q3	-32.9	-6.4
2022	Q4	-49.9	-2.8
2023	Q1	-52.0	-7.9
2023	Q2	-55.9	-6.1
2023	Q3	-27.8	-6.9
2023	Q4	15.4	-1.6
2023
Source: CBS, Kadaster

Q4 2023 saw a decline in sales of existing owner-occupied dwellings, with nearly 1.6 percent fewer transactions year on year. Transactions involving new-build and existing dwellings combined were almost at the same level as one year previously.

Number of sold new-build dwellings
	Q1 (x 1,000)	Q2 (x 1,000)	Q3 (x 1,000)	Q4 (x 1,000)
2023	3.298	3.318	3.837	6.142
2022	6.868	7.529	5.311	5.322
2021	6.810	8.749	7.918	10.631
2020	6.503	7.988	7.104	10.713
2019	5.746	6.305	5.813	6.978
2018	6.151	7.068	6.153	8.756
Source: CBS, Kadaster

Number of sold new-build dwellings
	Q1 (x 1,000)	Q2 (x 1,000)	Q3 (x 1,000)	Q4 (x 1,000)
2023	3.298	3.318	3.837	6.142
2022	6.868	7.529	5.311	5.322
2021	6.810	8.749	7.918	10.631
2020	6.503	7.988	7.104	10.713
2019	5.746	6.305	5.813	6.978
2018	6.151	7.068	6.153	8.756
Source: CBS, Kadaster

Prices of new-build owner-occupied dwellings increased year on year

In Q4 2023, the year-on-year price index for newly built owner-occupied dwellings went up by 3.0 percent, with an average transaction price of more than 502 thousand euros.

The year-on-year price index for existing owner-occupied dwellings was 0.3 percent lower, with an average sales price of nearly 422 thousand euros.

Prices owner-occupied dwellings
		Newly built owner-occupied dwellings (% year-on-year change)	Existing owner-occupied dwellings (% year-on-year change)
2018	Q1	9.1	9.2
2018	Q2	11.2	9.2
2018	Q3	12.4	9.3
2018	Q4	7.3	9.1
2019	Q1	8.9	8.2
2019	Q2	10.0	7.4
2019	Q3	6.4	6.4
2019	Q4	8.2	6.2
2020	Q1	7.0	6.8
2020	Q2	9.2	7.7
2020	Q3	11.0	8.2
2020	Q4	7.9	8.8
2021	Q1	11.5	10.2
2021	Q2	10.9	12.8
2021	Q3	8.8	17.3
2021	Q4	13.0	19.5
2022	Q1	12.6	20.1
2022	Q2	13.4	18.1
2022	Q3	14.4	11.6
2022	Q4	11.3	4.7
2023	Q1	7.1	-1.1
2023	Q2	4.1	-5.4
2023	Q3	1.4	-4.5
2023	Q4	3.0	-0.3
2023
Source: CBS, Kadaster

Prices owner-occupied dwellings
		Newly built owner-occupied dwellings (% year-on-year change)	Existing owner-occupied dwellings (% year-on-year change)
2018	Q1	9.1	9.2
2018	Q2	11.2	9.2
2018	Q3	12.4	9.3
2018	Q4	7.3	9.1
2019	Q1	8.9	8.2
2019	Q2	10.0	7.4
2019	Q3	6.4	6.4
2019	Q4	8.2	6.2
2020	Q1	7.0	6.8
2020	Q2	9.2	7.7
2020	Q3	11.0	8.2
2020	Q4	7.9	8.8
2021	Q1	11.5	10.2
2021	Q2	10.9	12.8
2021	Q3	8.8	17.3
2021	Q4	13.0	19.5
2022	Q1	12.6	20.1
2022	Q2	13.4	18.1
2022	Q3	14.4	11.6
2022	Q4	11.3	4.7
2023	Q1	7.1	-1.1
2023	Q2	4.1	-5.4
2023	Q3	1.4	-4.5
2023	Q4	3.0	-0.3
2023
Source: CBS, Kadaster

House prices increased in most EU countries

In Q4 2023, house prices for both new-build and existing dwellings in the Netherlands were 0.1 percent higher than one year previously. House prices increased in 18 of the EU member states. In Poland they rose the most sharply by 13 percent, while in Luxembourg house prices fell the most sharply by over 14 percent. On average, house prices rose 0.2 percent in the EU.

Prices newly built owner-occupied dwellings in the EU1), Q4 2023
Land	Prices owner-occupied dwellings (% year-on-year change)
Poland	13.0
Bulgaria	10.1
Croatia	9.5
Lithuania	8.3
Portugal	7.8
Slovenia	6.8
Estonia	5.8
Malta	5.4
Spain	4.3
Roemenia	3.7
Belgium	3.4
Hongary	3.3
Ireland	3.2
Denmark	2.5
Italy	1.8
Cyprus	1.6
Latvia	1.0
European Union	0.2
Netherlands	0.1
Czechia	-1.0
Slovakia	-1.1
Austria	-1.8
Sweden	-2.9
France	-3.6
Finland	-4.4
Germany	-7.1
Luxembourg	-14.4
Source: CBS, Eurostat
¹⁾no figures available for Greece

Prices newly built owner-occupied dwellings in the EU1), Q4 2023
Land	Prices owner-occupied dwellings (% year-on-year change)
Poland	13.0
Bulgaria	10.1
Croatia	9.5
Lithuania	8.3
Portugal	7.8
Slovenia	6.8
Estonia	5.8
Malta	5.4
Spain	4.3
Roemenia	3.7
Belgium	3.4
Hongary	3.3
Ireland	3.2
Denmark	2.5
Italy	1.8
Cyprus	1.6
Latvia	1.0
European Union	0.2
Netherlands	0.1
Czechia	-1.0
Slovakia	-1.1
Austria	-1.8
Sweden	-2.9
France	-3.6
Finland	-4.4
Germany	-7.1
Luxembourg	-14.4
Source: CBS, Eurostat
¹⁾no figures available for Greece

Sources

StatLine - New and existing dwellings, price index 2015=100
Eurostat - House price index, 2015=100