CBS: Dutch house prices have doubled over the last nine years
Figures released by Statistics Netherlands (CBS) reveal that, between June 2013 and July 2022, the cost of buying a house in the Netherlands has almost doubled, with house prices rising by 99 percent over the course of nine years.
Cost of buying a house in the Netherlands rises by 99 percent
Since reaching a low point during the summer of 2013, house prices have been steadily rising. Although the numbers now suggest that the Dutch housing market is cooling off following the coronavirus pandemic, costs in the Netherlands remain high as the country continues to face a shortage of housing.
According to CBS, house prices in July of this year were 99 percent higher than in June 2013. Existing owner-occupied homes were also 14,5 percent more expensive in July than they were during the same period last year.
Housing market inaccessible as country faces housing shortage
The rapidly rising prices can be attributed to a variety of factors, including the national housing crisis and low interest rates. However, the rising prices are only serving to make the Dutch housing market more inaccessible to the average Joe, with recent research revealing that someone earning an average salary can afford to buy just 1 percent of homes in the Netherlands.