Dutch home prices up 9.7% in Q2; Increased in all municipalities

Across the Netherlands, existing home prices rose by an average of 9.7 percent in the second quarter, Statistics Netherlands (CBS) and the Land Registry reported. Homebuyers in all Dutch municipalities had to pay more.

Home prices rose particularly sharply in Albrandswaard. A home in the Zuid-Holland municipality cost an average of 21.9 percent more than a year earlier. Home prices also rose significantly in Borger-Odoorn, Drenthe, with a 20.2 percent increase.

In Hattem (Gelderland), Reusel-De Mierden (Noord-Brabant), and Oudewater (Utrecht), the increases were the smallest. Home prices rose by 0.2,0.7, and 0.8 percent, respectively.

In the first quarter of the year, homes became 9.3 percent more expensive compared to a year earlier, according to previous figures from CBS. Existing home prices peaked in the summer of 2022. Afterward, home prices fell, but they have been rising again since mid-2023. Due to the increases in recent quarters, prices in most municipalities have reached new records, the statistics agency said.

Two weeks ago, CBS reported that home prices rose 8.6 percent in July. The Land Registry recorded almost 14 percent more housing transactions that month. The Dutch Association of Realtors (NVM) previously announced, based on its own figures, that the second quarter saw the highest number of homes put up for sale in almost 20 years, and that the rise in home prices had therefore slowed considerably.