Economy

Dutch house prices are rising faster than the European average

An existing owner-occupied home was even 7.5 percent more expensive than in the same period last year, according to new figures from the Central Bureau of Statistics (CBS) and the Land Registry.

Not such a sharp increase

The price development of new-build houses is the lowest since the third quarter of 2016. However, almost a quarter more new-build houses were sold in the second quarter than between April and June in 2019.

More than 7,900 of these homes were sold. More new-build houses were also sold in the first quarter of 2020. Existing homes were also sold more, but the increase was not that strong there.

Luxembourg frontrunner

The prices of all Dutch owner-occupied homes have been increasing since the beginning of 2014, especially the prices of existing homes.

House prices in the European Union rose by an average 5.2 percent in the second quarter of this year. Dutch houses with an average of 7.1 percent. Luxembourg houses saw the largest price increase with 13.3 percent.

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