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Biggest house price increase in Netherlands in almost 20 years

Christian Fernsby |
In February 2021, owner-occupied dwellings (excluding new constructions) in the Netherlands were on average 10.4 percent more expensive than in the same month last year, representing the largest increase in nearly two decades.

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The price rise moderated in 2019 but picked up again in 2020. This is evident from price monitoring of existing owner-occupied dwellings by Statistics Netherlands (CBS) and The Netherlands’ Cadastre, Land Registry and Mapping Agency.

House prices reached a low in June 2013; they have followed an upward trend since then, reaching a new record level in February 2021. Compared to the low in June 2013, house prices were up by more than 59 percent on average in February.

According to The Netherlands’ Cadastre, the total number of transactions recorded over the month of February 2021 stood at 16,871. This is 9.4 percent more than one year previously. In the first two months of this year, altogether 41,387 dwellings changed owners. This represents an increase of almost 26 percent relative to the same period in 2020. ■

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