House prices have risen less rapidly for four months

House prices have risen less rapidly for four months
House prices have risen less rapidly for four months

News

Those who bought a detached house in the second quarter of this year paid an average of € 634,449. Ten years ago you could still buy the same type of home for € 364,519. The explosive price growth has now come to a halt.

Existing owner-occupied homes were 11.9 percent more expensive in August than one year previously. If we look less far back, the strength of the increase decreases. In July, the increase was still 14.5%. This effect is visible for the fourth month in a row. In addition to the price, the number of sales also decreased.

The average price of owner-occupied homes is recorded by Statistics Netherlands and the Land Registry. The figures relate to the home sales that took place about two months earlier. The CBS measures the transfer at the notary and not the moment of sale at brokers.

Current price per type of home

Those who bought a detached house in the second quarter of this year paid an average of € 634,449. Ten years ago you could still buy the same type of home for € 364,519. The relatively cheapest homes are apartments, with an average selling price of € 363,700. Much more than the € 183,350 ten years ago. The increase is now leveling off due to higher mortgage interest rates and uncertainty in the world.

Type of house Sales price 2nd quarter

single-family homes

€455,539
terraced house €403.757
Corner house € 416,224
semi-detached house €448,516
Detached house €634,449
Apartment €363.700

Fewer homes sold in August

The Land Registry announced that it registered 16,405 housing transactions in August. That is almost 5 percent less than a year earlier. In the first eight months of 2022, 124,127 homes were sold, more than 20 percent less than in the same period of 2021.

A flattening price increase is different from a decrease. The persistent shortage of suitable housing keeps prices relatively high. However, a decline cannot be ruled out. Would you like advice about your mortgage situation in this market? Our advisors are ready for you. Please fill in the form below without obligation.


The article is in Dutch

Tags: House prices risen rapidly months

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