4,400 new-build homes sold in Q1

© Hollandse Hoogte / David Rozing
In the first quarter of 2024, over 4.4 thousand newly constructed dwellings were sold, which was a year-on-year increase of nearly 34 percent. The price index for new-build dwellings was 1.4 percent higher than in the previous year. The price index for existing owner-occupied dwellings rose by 3.8 percent, the first increase since Q4 2022. The house price index, which is made up of new-build dwellings and existing owner-occupied dwellings, rose by 3.6 percent. This is according to new figures released by Statistics Netherlands (CBS), the Netherlands’ Cadastre, Land Registry and Mapping Agency (Kadaster) and Eurostat.

New-build dwellings sold
JaarQ1 (x 1,000) (x 1,000)Q2 (x 1,000) (x 1,000)Q3 (x 1,000) (x 1,000)Q4 (x 1,000) (x 1,000)
20244.477
20233.3403.3173.8366.142
20226.8687.5295.3115.322
20216.818.7497.91810.631
20206.5037.9887.10410.713
20195.7466.3055.8136.978
20186.1517.0686.1538.756
Source: CBS, Kadaster

Price index of new-build dwellings increased year on year

In Q1 2024, prices for new-build dwellings were 1.4 percent higher than one year previously. However, the average selling price fell to over 493 thousand euros. That was 499 thousand euros in Q4 2023.

The price index for existing owner-occupied dwellings was 3.8 percent higher than in the previous year. This was the first time since Q4 2022 that this happened. The price index is adjusted for quality and type of home, while the average selling price is not. The average selling price increased to over 432 thousand euros in Q1 2024.

House prices
JaarKwartaalNew-build owner-occupied dwellings (year-on-year percentage change) (year-on-year percentage change)Existing owner-occupied dwellings (year-on-year percentage change) (year-on-year percentage change)
20181e kwartaal9.19.2
20182e kwartaal11.29.2
20183e kwartaal12.49.3
20184e kwartaal7.39.1
20191e kwartaal8.98.2
20192e kwartaal10.07.4
20193e kwartaal6.46.4
20194e kwartaal8.26.2
20201e kwartaal7.06.8
20202e kwartaal9.27.7
20203e kwartaal11.08.2
20204e kwartaal7.98.8
20211e kwartaal11.510.2
20212e kwartaal10.912.8
20213e kwartaal8.817.3
20214e kwartaal13.019.5
20221e kwartaal12.620.1
20222e kwartaal13.418.1
20223e kwartaal14.411.6
20224e kwartaal11.34.7
20231e kwartaal7.1-1.1
20232e kwartaal4.1-5.4
20233e kwartaal1.4-4.5
20234e kwartaal2.6-0.3
20241e kwartaal1.43.8
Source: CBS, Kadaster

House prices increased again in most EU countries

In Q4 2024, house prices for both new-build and existing dwellings in the Netherlands were 3.6 percent higher than one year previously. In 19 of the EU member states, house prices were higher in Q4 2023 than they were in the previous year. In Poland they rose the most sharply with an increase of 18 percent, while in Luxembourg house prices fell the most sharply with a decrease of nearly 11 percent. Across the EU, house prices rose by 1.3 percent on average.

House prices in the European Union1), Q1 2024
LandHouse prices (year-on-year percentage change)
Poland18.0
Bulgaria16.0
Lithuania9.9
Croatia9.1
Estonia7.8
Hungary7.1
Portugal7.0
Malta6.7
Spain6.4
Ireland6.3
Slovenia6.3
Romania5.5
Latvia3.7
the Netherlands3.6
Belgium3.1
Italy1.7
European Union1.3
Czechia1.2
Denmark1.2
Cyprus1.1
Sweden-1.6
Austria-2.2
Slovakia-3.0
Finland-4.3
France-4.8
Germany-5.7
Luxembourg-10.9
Source: CBS, Eurostat
1)no figures available for Greece