House prices up by over 9 percent in June

House prices increased by 0.9 percent month on month

Relative to May, the price index for existing owner-occupied dwellings increased by 0.9 percent in June. House prices reached a low in June 2013; they subsequently followed an upward trajectory until August 2022. That trend was reversed and prices fell until June 2023, but since then house prices have been on the rise again. In June, house prices were 12.7 percent higher than at their previous peak in July 2022, on average.

More housing transactions in June

According to The Netherlands’ Cadastre, the total number of housing transactions recorded in the month of June was 18,883, which was nearly 29 percent more than one year previously. In the first six months of this year, a total of 108,886 homes changed owners – a year-on-year increase of nearly 18 percent.

In June, the average transaction price for owner-occupied dwellings was 474,234 euros. The average selling price may show a different trend than the price index for existing owner-occupied dwellings published by CBS and The Netherlands’ Cadastre, Land Registry and Mapping Agency. Unlike the price index, the average transaction price does not take into account differences in the quality of dwellings. In order to determine price changes for existing owner-occupied dwellings, it is therefore better to look at the price index.