House prices in the Netherlands now TWICE as expensive as in 2013

Buying a house will now cost you 14.5% more than it did last year, and nearly DOUBLE the prices of nine years ago.

Nope, that’s not a typo. 😭

According to research compiled by CBS, the Central Bureau of Statistics, existing owner-occupied houses are now 99% more expensive than they were in 2013. Wat vreselijk! 😱

Building castles in the air

Since the lull in prices of July 2013, costs of existing houses have been on a steady upward trek — with January of this year ringing in a 21.1% increase.

Aspiring homeowners will definitely need to put the brakes on those “New Year, New Home” goals.

READ MORE | Why is there a housing shortage in the Netherlands? The Dutch housing crisis explained

This is alarming news for Dutchies that already have to contend with record high inflation, and a loss of purchasing power due to slowly-rising wages being unable to match the skyrocketing inflation rate.

A house is not a home

The Land Registry recorded 22.2% fewer residential purchases in the first seven months of 2022 than in the same period of the previous year. 🧐

And this July alone, only 16,417 residential purchases were made — nearly 14% fewer than in July 2021.

The hesitancy to pull the trigger on a house is understandable, but given the rising prices of rent (hello, paying €700 for a cardboard box, anyone?), wallet-friendly housing options may be off the market for the foreseeable future.

What are your opinions on the current Dutch housing market? Tell us your thoughts in the comments below!

Feature Image:Depositphotos
Liana Pereira 🇱🇰
Liana Pereira 🇱🇰
Liana juggles her role as an Editor with wrapping up a degree in cognitive linguistics and assisting with DutchReview's affiliate portfolio. Since arriving in the Netherlands for her studies in 2018, she's thrilled to have the 'write' opportunity to help other internationals feel more at home here — whether that's by penning an article on the best SIMs to buy in NL, the latest banking features, or important things to know about Dutch health insurance.

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