House prices up by nearly 11 percent in July in the Netherlands

In July 2024, existing owner-occupied dwellings were 10.6 percent more expensive, on average, than one year previously. That is the largest increase in almost two years. Prices were 1.4 percent higher in July than they were in June. This is clear from the price index for existing owner-occupied dwellings by Statistics Netherlands (CBS) and The Netherlands’ Cadastre, Land Registry and Mapping Agency (Kadaster).

House prices up by 1.4 percent on June

The price index for existing owner-occupied dwellings increased by 1.4 percent in July relative to June. House prices in the Netherlands reached a peak in July 2022 and after that declined for a year. Since June 2023, prices of owner-occupied dwellings have been increasing again. In July 2024, prices were on average 4.6 percent higher than at the previous peak in July 2022.

More homes bought and sold in July

According to The Netherlands’ Cadastre, the total number of dwellings bought and sold recorded during the month of July stood at 18,610. That was almost a quarter more than one year previously. In the first seven months of this year, a total of 110,993 dwellings changed ownership; an increase of over 11 percent year on year.

In July, the average transaction price for an owner-occupied dwelling was 457,320 euros. However, it is not the transaction price but the price index that is used to determine price changes for existing owner-occupied dwellings. Unlike the price index, the average transaction price does not take into account differences in the quality of homes.

Source: CBS
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