DutchNews.nl - DutchNews.nl brings daily news from The Netherlands in English

3 June 2023
Newsletter Donate Advertise
  • News
  • Life in the Netherlands
  • Jobs
  • Podcast
  • About us
  • Search
  • Home
  • Economy
  • Art and culture
  • Sport
  • Europe
  • Society
  • Politics
  • Health
  • Housing
  • Education
  • News
    • Home
    • Economy
    • Art and culture
    • Sport
    • Europe
    • Society
    • Politics
    • Health
    • Housing
    • Education
  • Life in the Netherlands
    • Latest
    • Opinion
    • Books
    • Travel
    • 10 Questions
    • Learning Dutch
    • Inburgering with DN
  • Jobs
  • Podcast
  • About us
    • Team
    • Donate
    • Advertise
    • Writing for Dutch News
    • Contact us
    • Privacy
    • Newsletter
  • Search

House prices fall for fourth month in a row, 1% drop in November

December 22, 2022
Photo: DutchNews.nl
Photo: DutchNews.nl

House prices in the Netherlands fell 1% between October and November, the fourth month in a row that they have gone down, according to the latest figures from statistics agency CBS and the land registry Kadaster.

Year on year, house prices were up almost 5% on November 2021, the lowest year on year rise in over six years. In October the year on year increase was 7.8%.

House prices had been rising steadily since June 2013, at the height of the financial crisis, but that stopped in August. The average price paid for a house now is €423,124, down over €23,000 on four months ago.

The number of transactions also continues to decline. In total, 15,146 transactions were registered with the Kadaster in November, down 6% on a year ago. In the first 11 months of this year, 171,767 homes changed hands, which is a 16% drop on the same period last year.

Despite the fall in house prices, economists do not predict a major problem with negative equity, as happened during the financial crisis ten years ago.

The Dutch central bank said last week it expected house prices in the Netherlands to go down by 6.4% between now and the end of 2024, as higher interest rates and the cooling economy impact on buyers.

The bank said it did not expect negative equity to have major consequences, because many home owners have fixed their interest payments at a low rate for a longer period and because of rising salaries, which will allow buyers to borrow more.

Share this article
  • Facebook
  • Twitter
  • LinkedIn
  • Reddit
  • Copy URL
Housing
Thank you for donating to DutchNews.nl.

We could not provide the Dutch News service, and keep it free of charge, without the generous support of our readers. Your donations allow us to report on issues you tell us matter, and provide you with a summary of the most important Dutch news each day.

Make a donation
Latest
Eurostar London to Amsterdam trains halted for up to 11 months
Brussels gives green light to Dutch nitrogen farm buy-out plan
Jumbo to stop sponsoring Max Verstappen, cycling and skating
Sunflowers to mark 50th birthday of Van Gogh Museum
Sustainable energy use creeps up to 15%, almost half the target
NewsHomeEconomyArt and cultureSportEuropeSocietyPoliticsHealthHousingEducation
Life in the NetherlandsLatestOpinionBooksTravel10 QuestionsLearning DutchInburgering with DN
Podcast
About usTeamDonateAdvertiseWriting for Dutch NewsContact usPrivacyNewsletter
© 2023 DutchNews | Cookie settings

Help us to keep providing you information about coronavirus in the Netherlands.

Many thanks to everyone who has donated to DutchNews.nl in recent days!

We could not provide this service without you. If you have not yet made a contribution, you can do so here.

The DutchNews.nl team

Donate now

Dutchnews Survey

Please help us making DutchNews.nl a better read by taking part in a short survey.

Take part now