House prices once again on the rise, record increase of nearly 18 percent
Another month, another record-breaking increase in Dutch house prices. August saw the cost of housing in the Netherlands rise by a whopping 17,8 percent - the largest increase since September 2000.
Dutch house prices continue to rise at shocking rates
Throughout the course of the year, Statistics Netherlands (CBS) has continued to announce record-breaking increases in house prices, bringing an endless wave of discouraging news to anyone looking to buy a house in the not-too-distant future. Last month, CBS reported that the price of an existing home (i.e. not a new build) had risen by 16,3 percent between July 2020 and July 2021.
August, however, has broken that record, with the price of existing owner-occupied homes rising by 17,8 percent between August 2020 and August 2021. This means that the average price of a house in the Netherlands is now 78 percent higher than during the 2013 dip.
Tackling the Netherlands' housing crisis
The news comes as Prinsjesdag saw the Dutch government confirm plans to invest a further 1 billion euros to accelerate the construction of 900.000 new homes - however many feel that this isn’t enough to tackle the country’s housing crisis.
On September 12, an estimated 15.000 people gathered in Amsterdam to protest the inaccessibility of the Dutch housing market and the shortage of social housing. Wielding signs such as “housing for people, not for princes,” referencing the Dutch Prince Bernhard who is known as a prominent and successful real estate developer.