Average sale price for houses in NL higher than ever before
According to figures from Statistics Netherlands (CBS) and Kadaster, in March 2019, the average price for existing re-sale properties yet again rose above 300.000 euros.
Upward trend for Dutch house prices
In March 2019, the average purchase price for an existing re-sale house was 302.845 euros. This is an increase of 7,7 percent compared to the same period in 2018. In January 2019, house prices were also above 300.000 euros on average, coming in at 302.157, however, this figure dipped to 298.717 euros in February 2019.
With house prices now above 300.000 euros, an all-time high has been reached. In May 2018, the price index for existing houses rose, for the first time, above the previous record level of August 2008, amounting to around 284.000 euros on average. If we look back, we see a peak in August 2008, followed by a downward trend, which reached its lowest point in June 2013 and an upward trend from then onwards. In March 2019, prices were 36,1 percent higher than they were in June 2013.
In the first quarter of 2019, house prices increased the most in the province of Flevoland, coming in 11 percent higher than in 2018. House price increases could also be seen in Zeeland, Utrecht and Drenthe. However, in the majority of provinces, the price increase levelled off.
Fewer houses sold in March 2019
According to Kadaster, 16.836 houses were registered as sold in March, and 47.431 houses were sold in the first quarter of this year. Nine percent fewer houses were thus sold in Q1 2019 compared to Q1 2018.