Dutch house price increase among EU top five

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).

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.

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.

The figures on new-build dwellings presented in this news release are provisional and subject to revision.