Dutch home prices increased 10.6 percent in March

Buyers had to pay an average of 10.6 percent more for an existing owner-occupied home last month compared to a year earlier, Statistics Netherlands (CBS) and the Land Registry reported. On average, a home cost 467,873 euros in March.

Compared to February, prices on the tight housing market increased considerably less rapidly, by 0.7 percent. Home prices have been rising since June 2023 and have reached several record highs. Last month, a home cost an average of 10.3 percent more than at the previous peak in July 2022.

Homes have become more expensive because the demand for owner-occupied homes is much greater than the supply, mortgage interest rates have fallen, and wages have risen. However, De Hypotheekshop noted at the beginning of March that several mortgage providers had increased their mortgage interest rates.

According to the CBS and the Land Registry, owner-occupied homes also became 10.6 percent more expensive in February than a year earlier. This means that prices had risen less rapidly on an annual basis than in previous months.

CBS and the Land Registry also reported that 17,211 homes got a new owner in March. That is over 6 percent more than a year earlier. In the first quarter of this year, a total of 51,474 homes were sold, almost 16 percent more than in the same quarter in 2024.