Dutch housing market sees largest price increase in over 20 years
New figures from Statistics Netherlands (CBS) reveal that the price of existing owner-occupied homes in the Netherlands rose by 20,1 percent in November 2021 - the largest price hike recorded on the Dutch housing market since February 2000.
House prices in the Netherlands rise by over 20 percent
For months, CBS has reported a steady increase in prices for housing in the Netherlands, bringing bad news to anyone who is hoping to buy a house in the not too distant future. As the Dutch government continues to attempt to tackle the national housing crisis, prospective buyers face ever-increasing prices.
Between November 2020 and November of this year, the price of existing owner-occupied homes (not new-builds) rose by 20,1 percent, with the average home now costing a little over 400.000 euros. This marks the largest increase in house prices since February 2000, when an increase of 20,1 percent was recorded and the average home would set you back 160.000 euros.
Dutch houses now 86 percent more expensive than in 2013
House prices in the Netherlands have been rising since reaching a low point in June 2013, and over the past year CBS has seen the rate at which prices increase rise almost every month, breaking national records almost every month since January. Dutch house prices are now 86 percent higher than during the dip over the summer of 2013.
As prices continue to rise at an alarming rate, the number of sales that take place continue to drop. In October, the Netherlands had the most significant fall in housing sales since 2013, and while November hasn’t broken this record, the country saw only 16.408 housing transactions last month - 13 percent fewer than in the same period last year.