House prices rise by double digits in the Netherlands

House prices in the Netherlands experienced an increase in October 2024, with the cost of existing owner-occupied dwellings rising by 11.5% compared to the same month a year previous, according to Statistics Netherlands (CBS).

This is the largest increase in more than two years, according to CBS, which compiled the data alongside the Cadastre, Land Registry, and Mapping Agency (Kadaster).

The data also showed that prices were up 0.8% on a month-on-month basis, from September to October 2024.

Upward trend

The upward trend in housing prices follows on from a year-long decline, with the market previously peaking in July 2022.

Since June 2023, however, Dutch house prices have been gradually rising, and by October 2024, they were 7.4% higher than their peak in July 2022.

Elsewhere, according to Cadastre, the number of homes bought and sold in the Netherlands in October 2024 increased by 15.4% year-on-year, with 18,131 transactions recorded.

In the period from January to October 2024, the total number of transactions was 164,661, showing a 12% increase from the previous year.

Average transaction price

The average transaction price for an owner-occupied dwelling in October 2024 was €467,355. However, this does not relate to the transaction price, rather the price index that is used to determine price changes for existing owner-occupied dwellings, according to Statistics Netherlands.

The Price Index for Existing Own Dwellings (PED) measures the changes in prices of sold existing homes in the Netherlands. The survey has been conducted since January 1995, and the price index is published monthly at the national level. In addition, quarterly data is provided for various regional divisions, including 12 provinces, 4 major municipalities (Amsterdam, Rotterdam, The Hague, and Utrecht), 40 COROP regions, and 5 different dwelling types. Read more here.