Home sales prices increasing most in both Utrecht city and province

Utrecht, both the city and the province, topped the list for fast-increasing home prices in the second quarter, Calcasa reported. Home prices in the municipality increased by 17.5 percent compared to a year earlier. In the province, buyers paid 13.6 percent more than in the second quarter last year.

Home prices in the Netherlands have been increasing rapidly again in recent months due to the tight supply, higher wages, and lower mortgage interest rates. The average home in the Netherlands cost 477,000 euros in the second quarter, 3 percent more than in the first quarter and 9.9 percent more than a year earlier.

Of the four large Dutch cities, Utrecht saw the largest year-on-year home price increase by far. Home prices in the other three increased by around the national average—+11.1 percent in Amsterdam, +8.5 percent in The Hague, and +7.9 percent in Rotterdam.

Province-wise, Utrecht also saw the largest price increase by far, followed by Noord-Holland (+10.5 percent), Noord-Brabant (+10.1 percent), and Limburg.

Overijssel was the province with the lowest average home price increase in the second quarter (+7.1 percent). Enschede, located in Overijssel, was also the city with the lowest price increase (+7.8 percent). The Overijssel town of Raalte had the lowest increase of all Dutch municipalities (+5.4 percent).

Calcasa also looked at price developments per price range. Homes under 150,000 euros increased in price the most, at almost 13 percent. Most homes fall in the 350,000 to 500,000 euros range, and their prices increased by 10.8 percent on average.