House prices over 8 percent higher in August

21/09/2020 15:00

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In August 2020, prices of owner-occupied dwellings (excluding new constructions) were on average 8.2 percent higher than in the same month last year. This is the highest price increase in over one and a half years. This is evident from price monitoring of existing owner-occupied dwellings by Statistics Netherlands (CBS) and The Netherlands’ Cadastre, Land Registry and Mapping Agency.

Price development of existing owner-occupied dwellings
Year	Month	Change (year-on-year % change)
2016	September	5.9
2016	October	5.6
2016	November	6
2016	December	6.7
2017	January	6.4
2017	February	6.7
2017	March	7.3
2017	April	7.4
2017	May	7.8
2017	June	8
2017	July	7.6
2017	August	7.8
2017	September	7.3
2017	October	8.2
2017	November	8.2
2017	December	8.2
2018	January	8.8
2018	February	9.5
2018	March	8.6
2018	April	8.8
2018	May	8.9
2018	June	8.9
2018	July	9
2018	August	9.3
2018	September	9.3
2018	October	9
2018	November	9.5
2018	December	8.4
2019	January	8.7
2019	February	7.5
2019	March	7.7
2019	April	7.7
2019	May	7.2
2019	June	6.9
2019	July	7
2019	August	5.7
2019	September	6.1
2019	October	6.3
2019	November	5.8
2019	December	6.5
2020	January	6.3
2020	February	6.6
2020	March	7
2020	April	7.3
2020	May	7.7
2020	June	7.6
2020	July	7.4
2020	August	8.2
Source: CBS, Kadaster

Price development of existing owner-occupied dwellings
Year	Month	Change (year-on-year % change)
2016	September	5.9
2016	October	5.6
2016	November	6
2016	December	6.7
2017	January	6.4
2017	February	6.7
2017	March	7.3
2017	April	7.4
2017	May	7.8
2017	June	8
2017	July	7.6
2017	August	7.8
2017	September	7.3
2017	October	8.2
2017	November	8.2
2017	December	8.2
2018	January	8.8
2018	February	9.5
2018	March	8.6
2018	April	8.8
2018	May	8.9
2018	June	8.9
2018	July	9
2018	August	9.3
2018	September	9.3
2018	October	9
2018	November	9.5
2018	December	8.4
2019	January	8.7
2019	February	7.5
2019	March	7.7
2019	April	7.7
2019	May	7.2
2019	June	6.9
2019	July	7
2019	August	5.7
2019	September	6.1
2019	October	6.3
2019	November	5.8
2019	December	6.5
2020	January	6.3
2020	February	6.6
2020	March	7
2020	April	7.3
2020	May	7.7
2020	June	7.6
2020	July	7.4
2020	August	8.2
Source: CBS, Kadaster

House prices show upward trend

House prices peaked in August 2008 and subsequently started to decline, reaching a low in June 2013. The trend has been upward since then. In May 2018, the price index of owner-occupied dwellings exceeded the record level of August 2008 for the first time. The index reached a new record high in August 2020; compared to the low in June 2013, house prices were up by 51 percent on average.

Price index of existing owner-occupied dwellings
Year	Month	(2015=100) (2015=100)
2016	September	107.2
2016	October	107
2016	November	107.5
2016	December	107.9
2017	January	108.9
2017	February	109.3
2017	March	110.5
2017	April	110.9
2017	May	111.7
2017	June	112.5
2017	July	113.5
2017	August	114.6
2017	September	115
2017	October	115.8
2017	November	116.4
2017	December	116.8
2018	January	118.6
2018	February	119.7
2018	March	120.1
2018	April	120.6
2018	May	121.7
2018	June	122.5
2018	July	123.7
2018	August	125.4
2018	September	125.7
2018	October	126.2
2018	November	127.4
2018	December	126.6
2019	January	128.8
2019	February	128.7
2019	March	129.2
2019	April	129.8
2019	May	130.4
2019	June	130.9
2019	July	132.4
2019	August	132.5
2019	September	133.4
2019	October	134.1
2019	November	134.8
2019	December	134.8
2020	January	136.9
2020	February	137.2
2020	March	138.3
2020	April	139.3
2020	May	140.4
2020	June	140.9
2020	July	142.2
2020	August	143.4
Source: CBS, Kadaster

Price index of existing owner-occupied dwellings
Year	Month	(2015=100) (2015=100)
2016	September	107.2
2016	October	107
2016	November	107.5
2016	December	107.9
2017	January	108.9
2017	February	109.3
2017	March	110.5
2017	April	110.9
2017	May	111.7
2017	June	112.5
2017	July	113.5
2017	August	114.6
2017	September	115
2017	October	115.8
2017	November	116.4
2017	December	116.8
2018	January	118.6
2018	February	119.7
2018	March	120.1
2018	April	120.6
2018	May	121.7
2018	June	122.5
2018	July	123.7
2018	August	125.4
2018	September	125.7
2018	October	126.2
2018	November	127.4
2018	December	126.6
2019	January	128.8
2019	February	128.7
2019	March	129.2
2019	April	129.8
2019	May	130.4
2019	June	130.9
2019	July	132.4
2019	August	132.5
2019	September	133.4
2019	October	134.1
2019	November	134.8
2019	December	134.8
2020	January	136.9
2020	February	137.2
2020	March	138.3
2020	April	139.3
2020	May	140.4
2020	June	140.9
2020	July	142.2
2020	August	143.4
Source: CBS, Kadaster

Fewer transactions in August

According to The Netherlands’ Cadastre, the total number of transactions recorded over the month of August stood at 19,034. This is almost 3 percent lower than in August 2019. Over the first eight months of this year, a total of 148,107 dwellings were sold. This represents an increase of over 5 percent relative to the same period in 2019.

Sources

StatLine - House Price Index; existing own homes
StatLine - House Price Index by region
StatLine - House Price Index by type of dwelling

House prices show upward trend

Fewer transactions in August

Sources

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