Netherlands Home Prices Surge 7.5% in April, Exceeding July 2022 Peak

Existing owner-occupied home prices in the Netherlands rose by 7.5% in April, surpassing the previous peak set in July 2022. Find out more from Statistics Netherlands and the Land Registry.

The housing market in the Netherlands continues to show strong growth, with existing owner-occupied home prices rising by 7.5 percent in April compared to the previous year. This increase has surpassed the peak seen in July 2022 for the first time, according to data from Statistics Netherlands (CBS) and the Land Registry.

In April, the average transaction price for an existing owner-occupied home reached 435,984 euros, marking a 7.5 percent increase from April 2023 and a 1.0 percent increase from March 2024. This upward trend in prices comes after a year-long decline, with prices steadily rising since June 2023.

The number of home sales also saw a significant increase, with 15,6789 housing transactions recorded in April, a jump of over 22 percent compared to the previous year. In the first four months of 2024, a total of 60,130 existing owner-occupied homes changed hands, representing an almost 13 percent increase from the same period last year.

ABN Amro has forecasted that home prices will continue to rise, with a projected 6 percent increase this year and a further 5 percent increase next year. This positive outlook reflects the ongoing demand for housing in the Netherlands and the overall strength of the housing market.

The Netherlands housing market is experiencing robust growth, with home prices reaching new heights in April and surpassing previous peaks. The increase in prices, coupled with a rise in home sales, indicates a strong and resilient market that is expected to continue its upward trajectory in the coming years.