The prices of existing owner-occupied homes continue to rise. The number of homes sold rose by a third in June, and the average price is 474,234 euros, which is 9 percent more than a year earlier. “Getting closer and closer to half a million”.
The price also increased compared to the previous month. Prices rose by 0.9 percent in June, according to figures from statistics agency CBS and the Land Registry. In May, the price already rose by 0.6 percent to 471,875 euros. The increase continues despite the economic uncertainty.
“The upward line continues,” says CBS chief economist Peter Hein van Mulligen. “It’s quite a lot, if you consider that the average price is getting closer to half a million.”
18,883 homes were sold, almost 29 percent more than in June 2024. The numbers of ‘uitponden’ (selling off rental properties) are not included here, because that concerns rental properties that are put up for sale by investors. The high increase has to do with the small amount a year earlier.
“The fact that transactions and prices continue to rise is a sign,” says Van Mulligen. “It’s not that no one can afford anything, otherwise you would see that reflected in the transactions. Prices are rising sharply and a lot is being bought. People with a house see the value rising, so it is easier to add something for a more expensive house. But starters are still the losers.”
Increasingly prosperous and increasingly frequent donations
More and more young people are giving up the search for a home, it turned out in June. For the first time in a decade, the desire of young people between 25 and 34 years to purchase their own home decreased. They also borrow more and more. And in April, an ING study already showed that the people who obtain their first home are increasingly prosperous and increasingly receive donations from their parents.
The expectation is that house prices will rise faster in 2025 than expected. ABN AMRO adjusted its expectation from 7 to 8 percent at the beginning of this month. “Surprisingly, the global economic uncertainty surrounding conflicts and trade tariffs seems to play a smaller role than expected,” the bank wrote.
The price increase was highest in Drenthe in the second quarter, the CBS reports in a separate message. There, an existing owner-occupied home was on average 13.4 percent more expensive than a year earlier. Across the country as a whole, prices were 9.7 percent higher. The most expensive province in this regard is Noord-Holland, where the average selling price is 558,000 euros.
Many apartments are being sold in particular. Real estate association NVM also reported this earlier this month and is concerned about this. The NVM notes that many smaller owner-occupied apartments for starters are coming onto the market, while there is a need for senior citizens’ homes and affordable rental homes for households that cannot or do not want to buy directly. There seems to be a mismatch between the new construction and what the market needs.