Almost quarter more new-build homes sold in second quarter | NOW

In the second quarter of this year, nearly eight thousand new-build homes were sold in the Netherlands. That is 24.5 percent more than in the same quarter in 2019, according to figures from the Central Bureau for Statistics (CBS) on Friday.

In the first quarter of this year, the number of transactions for new-build homes was also higher than the year before. More existing homes were also sold in the first half of the year, but the growth is less than that of new-build homes.

The price of a newly completed owner-occupied home was on average 4 percent higher in the second quarter than a year earlier. The price increase for existing houses was 7.5 percent.

The prices of owner-occupied homes, existing and new, have been increasing since the beginning of 2014. In the past year, prices in the Netherlands rose faster than the European average.

Last quarter, the average price increase of all houses together in the Netherlands was 7.1 percent. The average in the European Union was 5.2 percent.

Luxembourg saw the largest price increase again with 13.3 percent and prices also rose faster in Poland, Slovakia, Croatia, Portugal and the Czech Republic than in the Netherlands. Cyprus and Hungary were the only two member states of the European Union to experience falling house prices.