In the first quarter, the Dutch Land Registry and Statistics Office recorded an increase of 20.3%. The price increase has stabilized in almost all provinces. Only in Drenthe and Overijssel the increase remained roughly the same, respectively. At 21.7%, the price increase was largest in Flevoland. The price increase was the smallest in Zealand, at 16.1%.
A total of 47,382 homes were traded in the second quarter. That was 10.2% lower than the previous year and after the first quarter of 2022 after the fewest number of residential transactions in 6 years.
Among the four largest Dutch cities, the price increase in Utrecht was the largest in the second quarter (+17.6%). Price increases in Amsterdam, Rotterdam and The Hague were 17.1%, 16.4% and 14.1%, respectively.
Two weeks ago, brokerage organization NVM reported a 10.6% year-over-year price increase for the second quarter, based on current sales numbers from affiliated brokers. The price increase was measured at 14.6% in the first quarter. The NVM numbers differ from the numbers from Statistics Netherlands / Kadaster due to the different measurement moment, but also due to the different method of calculation and the fact that NVM only includes transactions from its brokers.
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