Existing home prices up 9.7% in Q2, new construction jump 7.8%; Increases slowing down

Newly built homes became 7.8 percent more expensive on average in the second quarter compared to the same period a year earlier. The prices of existing homes rose even more sharply, increasing 9.7 percent from April to June, Statistics Netherlands (CBS) reported. The price increases are slowing down.

A newly built home cost an average of just over €495,000 in the second quarter. In the first three months of this year, prices for newly constructed homes increased by 9.4 percent, and at the end of 2024, it was almost 5.6 percent more expensive.

In the second quarter, the average sales value of existing homes was €473,000, 9.7 percent more than a year earlier. In the first quarter of 2025, existing homes became almost 11 percent pricier year-on-year.

Despite the higher prices, more homes were sold in the second quarter. This totaled over 63,000 transactions, 17.5 percent more than last year. This increase is mainly due to the sale of existing homes, of which over 57,000 were sold. That’s almost a fifth more than a year earlier. The number of newly-built homes sold remained virtually unchanged at almost 6,300.

The average price increase for new and existing homes combined was 9.5 percent in the second quarter. That puts the Netherlands’ price increases well above the European average of 5.4 percent.

In seven European Union countries, home prices rose even more than in the Netherlands, according to CBS. The largest price increase in the second quarter was recorded in Portugal, where homes became 17.2 percent more expensive. Finland was the only country where homes became cheaper, decreasing 1.3 percent.