Dutch house price increase among EU top five
![Street with new-build dwellings](https://cdn.cbs.nl/images/5041655a61307a2f6667702f434d36394347746371773d3d/900x450.jpg)
The house price index includes transaction prices of both new and existing owner-occupied dwellings. On average, house prices in the European Union rose by nearly 10 percent in Q2 2022. The Netherlands saw the sharpest increase in house prices, after Estonia (+27 percent), Czechia (+23 percent), Hungary (+23 percent) and Lithuania (+22 percent).
Land | House prices (year-on-year % change) |
---|---|
Estonia | 27.4 |
Czechia | 23.1 |
Hungary | 22.8 |
Lithuania | 22.1 |
Netherlands | 18.2 |
Slovakia | 16.6 |
Latvia | 16.5 |
Slovenia | 15.6 |
Bulgaria | 14.6 |
Ireland | 14.4 |
Croatia | 13.6 |
Portugal | 13.2 |
Austria | 12.4 |
Poland | 12.4 |
Luxembourg | 11.5 |
Germany | 10.2 |
European Union | 9.9 |
Romania | 8.5 |
Spain | 8.1 |
Malta | 7.7 |
France | 7.1 |
Sweden | 7.1 |
Belgium | 5.9 |
Italy | 5.2 |
Denmark | 2.8 |
Finland | 2.2 |
Cyprus | 2.0 |
Source: CBS, Eurostat | |
* No figure available for Greece |
Prices of new dwellings up by 16.9 percent
In Q2 2022, the transaction price of a newly-built home was on average 16.9 percent higher than in the same quarter of the previous year. This also marked the first time that the average transaction price of new-build dwellings exceeded half a million euros.
The price of an existing owner-occupied dwelling was 18.4 percent higher, on average. This increase was less substantial than in Q1 2022, when it hit a record 20.3 percent.
Jaar | Kwartaal | New-build dwellings (year-on-year % change) | Existing dwellings (year-on-year % change) |
---|---|---|---|
2017 | Q1 | 6.1 | 6.8 |
2017 | Q2 | 6.3 | 7.7 |
2017 | Q3 | 6.2 | 7.6 |
2017 | Q4 | 10.2 | 8.2 |
2018 | Q1 | 11.5 | 9.0 |
2018 | Q2 | 11.7 | 8.8 |
2018 | Q3 | 16.3 | 9.2 |
2018 | Q4 | 10.2 | 9.0 |
2019 | Q1 | 9.5 | 7.9 |
2019 | Q2 | 16.0 | 7.2 |
2019 | Q3 | 6.3 | 6.3 |
2019 | Q4 | 8.7 | 6.2 |
2020 | Q1 | 4.6 | 6.6 |
2020 | Q2 | 4.2 | 7.5 |
2020 | Q3 | 10.2 | 8.1 |
2020 | Q4 | 8.7 | 8.8 |
2021 | Q1 | 16.8 | 10.3 |
2021 | Q2 | 13.1 | 13.0 |
2021 | Q3 | 12.4 | 17.5 |
2021 | Q4 | 14.2 | 19.6 |
2022 | Q1 | 13.9 | 20.3 |
2022 | Q2 | 16.9 | 18.4 |
Source: CBS, Kadaster |
Fewer housing transactions in Q2
In Q2 2022, more than 47 thousand existing owner-occupied dwellings were sold. This is a 10.2-percent decrease relative to the same quarter last year but a 7.9-percent increase on Q1 2022.
With nearly 8 thousand transactions, the number of sold new-build homes fell by 13.8 percent year on year. In total, there were altogether 10.7 percent fewer transactions in the second quarter. This is the fifth consecutive quarter with a year-on-year decrease in the number of transactions.
Jaar | Kwartaal | New-build dwellings (year-on-year % change) | Existing dwellings (year-on-year % change) |
---|---|---|---|
2017 | Q1 | 21.9 | 30.3 |
2017 | Q2 | 10.2 | 16.0 |
2017 | Q3 | 2.6 | 1.1 |
2017 | Q4 | 15.7 | 8.7 |
2018 | Q1 | -9.4 | -6.8 |
2018 | Q2 | -6.2 | -9.3 |
2018 | Q3 | -8.5 | -7.3 |
2018 | Q4 | -13.8 | -14.6 |
2019 | Q1 | -6.6 | -9.0 |
2019 | Q2 | -9.9 | -0.8 |
2019 | Q3 | -5.4 | 3.5 |
2019 | Q4 | -20.1 | 5.6 |
2020 | Q1 | 13.5 | 8.7 |
2020 | Q2 | 25.6 | 4.6 |
2020 | Q3 | 21.8 | 5.6 |
2020 | Q4 | 53.5 | 11.9 |
2021 | Q1 | 3.8 | 29.2 |
2021 | Q2 | 9.8 | -3.9 |
2021 | Q3 | 13.4 | -13.4 |
2021 | Q4 | -10.8 | -21.0 |
2022 | Q1 | 1.7 | -34.1 |
2022 | Q2 | -13.8 | -10.2 |
Source: CBS, Kadaster |
The figures on new-build dwellings presented in this news release are provisional and subject to revision.
Sources
- StatLine - House prices: new and existing dwellings price index 2015=100
- Eurostat - House price index, 2015=100
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