More new-build dwellings sold in Q4 2023

© ANP / Berlinda van Dam
In Q4 2023, the number of newly built dwellings increased to 6.1 thousand; 15 percent more than one year previously. Despite this increase, the total number of new-build dwellings sold in 2023 is the lowest in the past five years at 16.6 thousand. Prices of new-build dwellings increased by almost 3 percent year on year. This is evident from new figures released by Statistics Netherlands (CBS), the Netherlands’ Cadastre, Land Registry and Mapping Agency (Kadaster) and Eurostat.

Q4 2023 saw a decline in sales of existing owner-occupied dwellings, with nearly 1.6 percent fewer transactions year on year. Transactions involving new-build and existing dwellings combined were almost at the same level as one year previously.

Prices of new-build owner-occupied dwellings increased year on year

In Q4 2023, the year-on-year price index for newly built owner-occupied dwellings went up by 3.0 percent, with an average transaction price of more than 502 thousand euros.

The year-on-year price index for existing owner-occupied dwellings was 0.3 percent lower, with an average sales price of nearly 422 thousand euros.

House prices increased in most EU countries

In Q4 2023, house prices for both new-build and existing dwellings in the Netherlands were 0.1 percent higher than one year previously. House prices increased in 18 of the EU member states. In Poland they rose the most sharply by 13 percent, while in Luxembourg house prices fell the most sharply by over 14 percent. On average, house prices rose 0.2 percent in the EU.

Sources