In June 2020, prices of owner-occupied dwellings (excluding new constructions) were on average 7.6 percent higher than in the same month last year. This price increase is more or less the same as in the previous month. This is evident from price monitoring of existing owner-occupied dwellings by Statistics Netherlands (CBS) and The Netherlands’ Cadastre, Land Registry and Mapping Agency.
House prices show upward trend
House prices reached a record high in August 2008 and subsequently started to decline, reaching a low in June 2013. The trend has been upward since then. In May 2018, the price index of owner-occupied dwellings exceeded the record level of August 2008 for the first time. In June 2020, house prices reached the highest level ever. Compared to the low in June 2013, house prices were up by 48.3 percent on average in that month.
Number of housing transactions up in June
According to figures by The Netherlands’ Cadastre, the total number of dwellings sold in the month of June 2020 stood at 17,722. This is over 14 percent more than in June 2019. In the first six months of this year, 106,502 dwellings were sold. This is an increase of almost 7 percent relative to the same period in 2019.